Latest news with #Kanegaonkar
Economic Times
a day ago
- Business
- Economic Times
'China will do everthing to cripple India': Economic expert warns Delhi as Foxconn removes Chinese staff from iPhone plants
China pulls out trained workforce 'India seen as a flailing adversary' Live Events You Might Also Like: Foxconn asks hundreds of Chinese engineers, technicians to return home from iPhone factories in India: Report — suryakane (@suryakane) Supply chain concerns remain Message to multinationals Investor points to policy weaknesses China blocks tech talent migration to rival manufacturing hubs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel China's move to withdraw over 300 engineers from Foxconn 's iPhone manufacturing facilities in India has raised concerns over its impact on Apple 's production plans and India's manufacturing goals. The engineers, who were working at Tamil Nadu and Karnataka plants, played a key role in preparing for the next-generation iPhone recall of Chinese technicians is expected to disrupt ongoing training and delay the rollout of high-end manufacturing processes. Foxconn had heavily depended on these experts to guide local teams. While the company is now trying to fill the gap with Taiwanese and Vietnamese specialists and is training Indian workers, operations may still slow investor Surya Kanegaonkar, commenting on the development, said this was part of China's strategy to maintain dominance in Asia.'This comes as no surprise,' Kanegaonkar wrote on X. 'India is seen as a flailing adversary, struggling to get off the ground.'He said the exit of Chinese engineers should be viewed as a calculated attempt to block the transfer of technical know-how and hinder India's growth in electronics warned that India's reliance on Chinese supply chains remains a serious risk. He said the country still depends on China for machine tools, rare earth materials, and electronic components.'India attempting to industrialise while being entirely dependent on Chinese machine tools, rare earths and electronics components is absurd. Every part of the supply chain should have been studied and fixed yesterday,' he action is likely a part of a broader push to discourage companies from moving manufacturing out of China. Verbal orders to stop export of machines, talent, and components have also been reported. The message to multinationals is clear, relocating operations to India may come at a cost. India now manufactures nearly 20% of all iPhones. Apple plans to source a majority of its U.S.-bound iPhones from India by 2026. However, such moves by China could slow that also criticized Indian policymakers for not preparing adequately for such situations.'Lack of foresight and will to reform from within continue to hobble New Delhi's plans… Endless diplomacy comes to nought in the face of an adversary's leverage and hard power,' he said.'Being shown one's place as a state dependent on the largesse of friends and foes alike should warrant introspection and urgent reform,' he exodus comes as a major disruption to Apple's India expansion strategy, particularly as Foxconn constructs a new iPhone assembly facility in the region. While product quality may remain unaffected, assembly line efficiency could suffer during the critical ramp-up period for next-generation iPhone officials have quietly pressured regulatory agencies and local governments to restrict technology transfers and skilled labor exports to India and Southeast Asia, Bloomberg News reported. This coordinated effort aims to prevent Chinese companies from relocating manufacturing capabilities to competing nations amid escalating US-China trade tensions. The strategy extends beyond personnel, encompassing specialised equipment and technical know-how essential for high-tech manufacturing. China's actions come as countries like India and Vietnam aggressively court global technology companies seeking to diversify their supply chains away from Chinese dependence.
Time of India
a day ago
- Business
- Time of India
'China will do everthing to cripple India': Economic expert warns Delhi as Foxconn removes Chinese staff from iPhone plants
China's move to withdraw over 300 engineers from Foxconn 's iPhone manufacturing facilities in India has raised concerns over its impact on Apple 's production plans and India's manufacturing goals. The engineers, who were working at Tamil Nadu and Karnataka plants, played a key role in preparing for the next-generation iPhone 17. China pulls out trained workforce The recall of Chinese technicians is expected to disrupt ongoing training and delay the rollout of high-end manufacturing processes. Foxconn had heavily depended on these experts to guide local teams. While the company is now trying to fill the gap with Taiwanese and Vietnamese specialists and is training Indian workers, operations may still slow down. 'India seen as a flailing adversary' Commodities investor Surya Kanegaonkar, commenting on the development, said this was part of China's strategy to maintain dominance in Asia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Walmart Cameras Captured These Hilarious 20 Photos Undo 'This comes as no surprise,' Kanegaonkar wrote on X. 'India is seen as a flailing adversary, struggling to get off the ground.' He said the exit of Chinese engineers should be viewed as a calculated attempt to block the transfer of technical know-how and hinder India's growth in electronics manufacturing. Live Events You Might Also Like: Foxconn asks hundreds of Chinese engineers, technicians to return home from iPhone factories in India: Report — suryakane (@suryakane) Supply chain concerns remain Kanegaonkar warned that India's reliance on Chinese supply chains remains a serious risk. He said the country still depends on China for machine tools, rare earth materials, and electronic components. 'India attempting to industrialise while being entirely dependent on Chinese machine tools, rare earths and electronics components is absurd. Every part of the supply chain should have been studied and fixed yesterday,' he said. Message to multinationals China's action is likely a part of a broader push to discourage companies from moving manufacturing out of China. Verbal orders to stop export of machines, talent, and components have also been reported. The message to multinationals is clear, relocating operations to India may come at a cost. India now manufactures nearly 20% of all iPhones. Apple plans to source a majority of its U.S.-bound iPhones from India by 2026. However, such moves by China could slow that progress. Investor points to policy weaknesses Kanegaonkar also criticized Indian policymakers for not preparing adequately for such situations. You Might Also Like: 'Negligible impact' on iPhone units as Chinese Foxconn staff leaves India: Apple analyst Kuo 'Lack of foresight and will to reform from within continue to hobble New Delhi's plans… Endless diplomacy comes to nought in the face of an adversary's leverage and hard power,' he said. 'Being shown one's place as a state dependent on the largesse of friends and foes alike should warrant introspection and urgent reform,' he added. China blocks tech talent migration to rival manufacturing hubs The exodus comes as a major disruption to Apple's India expansion strategy, particularly as Foxconn constructs a new iPhone assembly facility in the region. While product quality may remain unaffected, assembly line efficiency could suffer during the critical ramp-up period for next-generation iPhone production. Beijing officials have quietly pressured regulatory agencies and local governments to restrict technology transfers and skilled labor exports to India and Southeast Asia, Bloomberg News reported. This coordinated effort aims to prevent Chinese companies from relocating manufacturing capabilities to competing nations amid escalating US-China trade tensions. The strategy extends beyond personnel, encompassing specialised equipment and technical know-how essential for high-tech manufacturing. China's actions come as countries like India and Vietnam aggressively court global technology companies seeking to diversify their supply chains away from Chinese dependence.
