We will rapidly expand our operations in India: Foxconn Chairman Young Liu

Foxconn's commitment to India can be seen as a strong push by Taiwan to improve ties with other nations as China steps up its military belligerence near the island nation

Seeing improvements in the industrial environment Foxconn Chairman Young Liu said that the company would expand in India, reported Economic Times. Liu said that enhanced government efficiency will also play a crucial role, highlighting the growing importance of Taiwan in the global market as the world's largest contract manufacturer amid rising tension with China.

In an investor call last week, Liu said that India will play an important role in the future. "So, overall, I think our development in India, I see it actively heading in a positive direction--that is, it is going to get better and better", Liu said.