Foxconn to invest in Indonesia

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Foxconn Electronics (Hon Hai Precision Industry) is said to be planning to establish manufacturing plants in Indonesia as the minister of Indonesia's Ministry of Industry recently revealed that Foxconn is set to invest US$1 billion in Indonesia, and the investment is expected to create about one million jobs, during his attendance of Indonesia Taiwan Chambers of Commerce, according to sources from the upstream supply chain.

Foxconn confirmed that the company has been approached about the possibility of making investment in Indonesia; however, the company has not yet started any evaluation for the investment, while the project is also not yet decided.

However, market watchers are taking an optimistic view about the investment in Indonesia since the country has the fourth largest population worldwide. The country also offers Foxconn advantages in transportation to countries in Southeast Asia.

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