Published: 2:29pm, 10 Aug, 2015 Updated: 2:29pm, 10 Aug, 2015 Foxconn , the electronics contract manufacturer , is due to invest $ 5bn in Goa state , India , to build factories in the state which will employ over 50,000 people . This move comes following rising labour costs in China , where the manufacturer has traditionally based the bulk of its operations . This has led to concerns that India is going to replace China as " the world 's supplier " , and has led to China investing significant resources in automating its work force .
Foxconn , the electronics contract manufacturer , is due to invest $ 5bn in Goa state , India , to build factories in the state which will employ over 50,000 people . This move comes following rising labour costs in China , where the manufacturer has traditionally based the bulk of its operations . This has led to concerns that India is going to replace China as " the world 's supplier " , and has led to China investing significant resources in automating its work force .