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