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Hon Hai producing Bravia TVs in India

Hon Hai Precision Industry Co (鴻海精密) is reportedly manufacturing Japanese electronics giant Sony Corp’s Bravia line of televisions at a plant near Chenai, India.

Sony’s managing director for India, Kenichiro Hibi, was quoted by the Hong Kong-based Economic Times as saying that the Taiwanese manufacturer, also known as Foxconn Technology Group (富士康), has inked an agreement with Sony to produce two 43-inch models at a plant of Competition Team Technology, an Indian subsidiary of Hon Hai.

This marks the return of Sony to manufacturing in India after it closed its plant in the country in 2004.

It is also the first time that Hon Hai is producing TVs in the country, according to people who are familiar with the matter.

India is the fourth-largest market for Sony, after the US, China and Japan, Hibi said, adding that the production from the plant will be for the Indian market, although Sony may later export the TVs from India.

Hon Hai declined comment, saying: “Hon Hai is not to admit or deny this media report.”

Hon Hai has made several moves in India this year in a bid to fortify its position in the country’s manufacturing sector after Indian Prime Minister Narendra Modi announced his “Make in India” policy last year.

Hon Hai chairman Terry Gou (郭台銘) last month told Indian media outlets that the company plans to set up 10 to 12 manufacturing plants in the country by 2020, creating 1 million jobs.

Hon Hai, which assembles Xiaomi Inc’s (小米) handsets, reportedly started to ship the Chinese company’s handsets from its plant in India this month.

The Taiwanese firm is also reportedly in talks with Apple Inc and Asustek Computer Inc (華碩) to assemble their smartphone products in India, reports said.

In addition, Hon Hai is collaborating with Japan’s Softbank Corp to invest US$20 billion in a solar power venture in India, and has teamed up Softbank and China’s Alibaba Group Holding Ltd (阿里巴巴) to invest US$500 million in India’s second-largest online retail platform, Snapdeal, according to reports.

source: taipei times