Foxconn’s Indian business has reached annual revenues of approximately $10 billion through its 30 factories, as announced during an analyst call following the company’s second quarterly financial results. This accounts for about 5% of the company’s global revenues and signifies its position as the world’s largest EMS player. While Foxconn operates in multiple countries, it aims to reduce its dependence on China and has been making major investments in India. The chairman, Young Liu, stated that the planned $2 billion investment in India is just the beginning, given the country’s potential market size. Foxconn currently operates nine production campuses and over 30 factories in India with an annual turnover of around $10 billion. The company plans to expand its operations in India to include critical components for consumer electronics and electric vehicles in order to enhance its competitiveness. Construction for these operations has already begun and will be carried out in three Indian states. Despite a one percent drop in second-quarter net profits and a 14% decrease in revenues compared to the previous year, Foxconn remains dedicated to growing its presence in India.
My Son Sanskrit texts to be translated into Vietnamese, English
NDO – The Sanskrit texts inscribed on the relics at My Son Sanctuary, a UNESCO world heritage site in central Vietnam, will be translated into Vietnamese and English with the assistance of Indian experts.
Seminar focuses on Vietnam-India joint civilisation heritage
NDO – The Indian Embassy in Vietnam in conjunction with the Vietnam-India Friendship Association’s Da Nang city chapter jointly held a seminar on the common civilisation heritage of Vietnam and India in the central city, on August 25.
Six foreign tourists found self-isolating in a cave
People living under coronavirus lockdown measures are adapting as best they can, but six foreign tourists took an unusual approach by hiding out in a cave.
Int’l Yoga Day draws nearly 3,000 in Quang Ninh
The sixth International Yoga Day, themed “Yoga from home”, drew nearly 3,000 yogis at home and abroad in the northern province of Quang Ninh on June 21.
2020 National Yoga Festival kicks off in Thanh Hoa
Practitioners from 49 Yoga clubs of 24 cities and provinces attended the opening ceremony of the 2020 National Yoga Festival in Thanh Hoa province on June 28, marking the 6th International Day of Yoga (June 21).
