Guo Taiming, a Foxconn boss, originally developed smoothly in the mainland.
With the upgrading of the industry and a series of complex changes, Guo began to feel that the spring in the mainland was no more, so he moved to India to open a new chapter.
As the new chairman of Foxconn, Liu Yangwei naturally wants to find new vitality for the company.
In March this year, he went to India with a big burden of 4.8 billion yuan and sat down face-to-face with the Indian prime minister to negotiate, and the scene was quite an international blockbuster.
There is no ambiguity on the Indian side, and when you see the money, you can grasp it with both hands, and both hands must be hard. thereupon
Chairman Liu, who had just shaken hands with the prime minister, promised to build a new factory in Bangalore to continue producing Apple parts and headphones.
As soon as this news came out, Guo Taiming may have been happy in Taiwan, and he has begun to fantasize about how he will show his strength in the Indian market, and may even dream that he has become the new king of India.
Just when his dream was in full swing, a "power rationing order" suddenly appeared on the Indian side.
Due to power shortages caused by high temperatures, all factories, including Foxconn, had to cut electricity consumption by 30%.
It's a bit embarrassing, and the planned ramp-up now seems to be in vain.
The power rationing order caught Foxconn off guard at once, and the originally hopeful investment plan now seems to be greatly discounted.
What's more serious is that this has also directly affected the employment of thousands of workers, which is undoubtedly a huge blow to Gou.
Guo can't say that there is no responsibility at all. In the past few years, Foxconn's development in China can be said to be booming, but it is precisely because it is too smooth that Guo Da Boss may be a little floating.
He even proudly said that he built a factory in China to "appreciate food" for Chinese.
The fact is that with the upgrading and transformation of China's industry, the rapid rise of high-end manufacturing industries such as new energy and electric vehicles, Foxconn's set may no longer be very popular.
Gou clearly underestimated the complexity of the Indian market. Although India has huge market potential, there is still a big gap between China in terms of infrastructure, policy environment, and labor quality.
The sudden blackout may be a harbinger of Mr. Gou and his team that they may not be ready to make a big splash on the land.
Terry Gou's "Indian dream" may end early because of a power rationing order.
In today's globalization, any market turmoil may affect the stability of the entire industrial chain, and India's power rationing order may be just the beginning.
For Foxconn, how to adjust its strategy and deal with various complex situations that may arise in the future is undoubtedly a major issue in front of Gou.