Foxconn to invest $1 billion in Indonesia for a manufacturing plant

Foxconn is slated to invest around $1 billion for a manufacturing plant in Indonesia that is also expected to create over a million jobs in the country. Previously, Foxconn was contemplating between Malaysia and Vietnam for the new plant, but decided against it after looking at the growth rate of Indonesia and its natural resources. Currently, Foxconn is in talks with the Indonesian Ministry of Industry.
Foxconn, of course is not only the world’s largest manufacturer of consumer electronics but is also known for manufacturing fabled Apple products like the iPhone and the iPad, but alongside these products it also manufactures products from Dell, Microsoft (Xbox 360), HP and many more.
The Foxconn plant in Indonesia seems like a perfect fit considering Indonesia is in dire need of formal jobs and has a large pool of cheap labor, with unskilled workers costing as low as $100 per month.
A Foxconn representative said, “We are looking forward to establish a new manufacturing plant in Indonesia although nothing is finalized yet. This will help us in manufacturing good quality products and make them available in the markets at lower prices. With this Indonesians will also get better employment opportunities. We will continue our efforts in establishing more manufacturing plants across the globe.”