TAIPEI, Taiwan - According to Economic Daily News, the Hon Hai Group will expand their scale of development in India and in the western part of the country establish automotive, industrial networking, and smart home manufacturing services. Under the Hon Hai Group flag, Innolux and Sharp are currently looking into moving into the area.
The report pointed out that as a result of business growth in India, Hon Hai has honored a series of pledges to invest in India and together with Innolux is establishing television manufacturing factories in the western part of the country. Innolux has not yet commented on this news and has only reaffirmed that they will continue with the innovation of new technologies and the development of machine services while also continuing to move forward into overseas markets. Furthermore, their target markets include Southeast Asia and emerging markets.
On the other hand, in addition to Hon Hai, South Korea's LG Corporation and India's Vedanta Group have joined forces to collaborate on the establishment of an 8th generation LCD panel factory.
(TR/ Phil Sweeney)
