Economics
Foxconn Shows ‘Make in India’ Buzz Tempered by Slow Reforms
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One Indian journalist’s question Tuesday to an executive of a foreign manufacturer encapsulated the nation’s impatience to build an industrial base.
“What’s the big announcement?” the reporter asked Foxconn Technology Group Chairman Terry Gou. The late-night press briefing came hours after Press Trust of India reported that Gou was poised to make Apple Inc.’s iPhones in a venture with billionaire Gautam Adani. If true, it would’ve been a coup for Prime Minister Narendra Modi’s “Make in India” campaign.