Foxconn plans 10-12 new Indian facilities by 2020: chairman

MADE IN INDIA: The announcement makes Foxconn the latest tech powerhouse to set its sights on the world's second-most populous nation, following compatriot Xiaomi's plans to begin manufacturing in India.

GUIYANG, China: Taiwan's Foxconn Technology, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and datacentres, by 2020, chairman Terry Gou said. 

The company could spend a "few billion dollars" on developing the facilities, said Gou, whose company's listed flagship unit is Hon Hai Precision Industry.