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Foxconn shutdown its plants in India and Brazil and move back to China

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The global giant in mobile phone and component manufacturer Foxconn said it will shut down its Indian operations on December 24 due to poor order book situation. And it will shut down its plants in Brazil in 2016. Meanwhile, Foxconn's plants in hinterland China are under-construction.
 
The global giant in mobile phone and component manufacturer Foxconn said it will shut down its Indian operations on December 24 due to poor order book situation. And it will shut down its plants in Brazil in 2016. Meanwhile, Foxconn's plants in hinterland China are under-construction.

Its the first time I am hearing the name Foxconn. Do they make handsets under the same name?
 
Its a big company...you might recall suscide news that came from its China factory...employees jumping from building due to low wages.

it is indeed low wages, about 500-1000 dollars/month for entry-level low-education migrant workers
but ppl with such wages could be a upper-middle class in India
 
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Its the first time I am hearing the name Foxconn. Do they make handsets under the same name?
In mobile manufacturing they are a big name. Contract manufacturer. They manufacture Apple products for example.

GoI must do whatever it can to promote electronics manufacturing in India, failure to succeed here would be a colossal mistake for the Nation. Our electronics import bill is set to cross our oil import bill by 2020.
 
India’s middle class population to touch 267 million in 5 years
As per the study, which uses “household income” as the criterion, a family with an annual income between Rs. 3.4 lakh to Rs. 17 lakh (at 2009-10 price levels) falls in the middle class category.

3.4 lakh per family per year...
Indian family usually have many labors

a single poorest Chinese labor can easily surpass this amount
Chinese poorest might be richer than richest Indian..I really don't care. You mentioned that 500 to 1000 dollars will make you upper middle class in India which is not true. See even middle class is mentioned as 17 lacs as per 2009-10 data. Upper middle class will be higher.
And on top of that there are other things like ancestral property and wealth...
 
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Chinese poorest might be richer than richest Indian..I really don't care. You mentioned that 500 to 1000 dollars will make you upper middle class in India which is not true. See even middle class is mentioned as 17 lacs as per 2009-10 data. Upper middle class will be higher.
And on top of that there are other things like ancestral property and wealth...

Rs. 17 lakh for a whole family, not just for a single labor
and we know that Indian families are usually very large
 
Rs. 17 lakh for a whole family, not just for a single labor
and we know that Indian families are usually very large
Whatever pleases you. Even 17 lac in 2009-10 was around 36-40k USD. Do your maths. And families in India accumulate wealth. So the wealth and class does not depend on salary that much. I don't know how it works in a communist country and that is why it is hard for you to understand.
 
Whatever pleases you. Even 17 lac in 2009-10 was around 36-40k USD. Do your maths. And families in India accumulate wealth. So the wealth and class does not depend on salary that much. I don't know how it works in a communist country and that is why it is hard for you to understand.

we are talking now, now 17Lak is about 26K USD, which means 2.15 K USD per month for an upper middle INDIAN family
just 2 entry-level foxconn workers' salaries

why do you think Chinese families can't accumulate wealth?
 
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it is indeed low wages, about 500-1000 dollars/month for entry-level low-education migrant workers
but ppl with such wages could be a upper-middle class in India
Show us the proof that entry-level low education workers gets 500-1000$.

This article says they used to get 1800 yuan ($290) earlier which was increased to 2200($350) in 2012 after many Chinese low education entry-level migrant workers went on suicide spree.
Foxconn to Increase Workers' Wages in China | PCWorld

Its dumb of you to compare your low wage suicidal Foxconn iphone polishers with upper middle class of India. Upper middle class in India leads a luxurious life owns multiple houses, multiple sedans, and many servants. They are not like the chinese nationals who are ready to jump from building top for not getting enough for polishing iphones/ipads..
 
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