As Apple struggles for impact in India, one of their key contract manufacturers, Foxconn, will invest in new production lines to manufacture certain iPhone models in its factory in Sriperumbudur near Chennai, Tamil Nadu, according to the Economic Times.
Apple refused to comment on the development while Foxconn India officials were unavailable for comment. Lack of local manufacture is holding back the traditional “single store” marketing push of Apple, so this move is a timely one.
The move certainly reinforces the status of Tamil Nadu as a specialist manufacturing state, with cars, phones and IT on the list.
It was also announced in January that India remained ahead of China to retain the tag world’s fastest growing large economy withstanding several ups and downs, spike in oil prices and global trade war like situation during 2018.
According to Niti Aayog (national economic planning body) Vice-Chairman Rajiv Kumar, the focus of the government in 2019 will be to expedite reforms with a view to accelerate growth.
“India will grow at around 7.8 per cent in the next calendar year and investment cycle that has already started picking-up will gather further strength and we will see more private investments,” Kumar said.
Looks like a good year to review your India engagement strategies, and put some energy into the Indian market.
Many things amaze me in India and one that both amazes and inspires is the Jamnalal Bajaj Awards – for the “unsung heroes” who inspire many through selfless effort in the tradition of Gandhian values.
My good friend eminent scientist and regular visitor to Australia, Dr R A Mashelkar, is Chairman of the Selection Committee of the Award for Application of Science and Technology for Rural Development and a Member of the Council of Advisors for the whole scheme.
Dr Mashelkar said: “The fundamental issue is about Gandhian values and creating an inclusive society by dismantling inequalities.”
The Nobel Laureate Kailash Satyarthi is one of the trustees of the Jamnalal Bajaj Foundation and a jury member for the Awards: “Changemakers firstly need to understand the trend of the change and then change the direction to positivity, righteousness, justice, equality and humanity.”
My country – Australia – has seen a decline in the reputation of major institutions and corporate Australia is in the firing line as the Banking and Finance Commission finds unethical behaviour is rife. Beyond the so-called ethic of “building shareholder returns”, no Australian business leader has had anything constructive to say on corporate ethics. Very disappointing. We could learn much from this foundation and the great Mahatma Gandhi.
More information about this wonderful foundation and the awards is at http://www.jamnalalbajajfoundation.org/