37% rural youth sans Internet access: Study
In the first week of April, Terry Gou, the founder of Foxconn Technology Group, had visitors from India. A delegation led by Ram Sewak Sharma, India’s IT and electronics secretary, had called on the 64-year-old self-made electronics tycoon to pitch India as a manufacturing destination.
Only in February, Foxconn had shuttered its factory that made Nokia phones on the outskirts of Chennai – three months after Nokia closed its factory nearby. In April 2014, Microsoft, which bought Nokia’s devices and services business globally, did not include the Chennai factory in the transaction due to tax litigations with the government. With no mobile business, it was a matter of time before Nokia had to close shop, and its vendor, Foxconn, followed soon.
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