iPad-Maker Foxconn to Invest $12 Billion in Brazil

Some reliable resources reported that Apple and Foxconn are planning to begin manufacturing iPads in Brazil from November, 2011. This report has now confirmed by one of the statement of Reuters saying that Foxconn is going to invest $12 Billion in this project.

iPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil to assemble monitors, Brazil’s president said on Tuesday, in a sign the company may be ready to accelerate its move away from its main China manufacturing base.

One rumor suggests that the plan of Apple to move the iPad manufacturing venue to Brazil is based on a view to reduce the manufacturing costs and for this purpose Foxconn will set up a manufacturing plant near São Paulo, Brazil.

The idea behind shifting the iPad manufacturing plant to Brazil is very much clear as the government of Brazil has recently offers the cut downs on tax imposed on imported components so as to encourage the investors to invest in Brazil in order to develop final assembly lines.

We also have reports saying that Brazilian Technology Minister has been in talks with Foxconn over the similar matter for more than three months. This venture of Foxconn in Brazil will open almost 100,000 jobs opportunities of which 20,000 will only be engineers. Certainly, this will be a new beginning in the Brazilian market, especially when prospective seems quite high.

Such a huge number of job openings will definitely a pleasing factor not only for Brazilian people but for Brazilian economy as well. Somewhere, Apple will also have a huge benefit with decreased costs of production.

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