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Companies Dumping Billions into India

With China having trouble with its economy and the rise of labor cost and labor disputes companies are looking for another country to make their products. India is looking like that country. Apple (NASDAQ: AAPL) was the first to try to make a foot hold in India. Now more companies are pumping billions of dollars into the country.

According to CNN, two tech firms, Chinese Smartphone company Xiaomi and Apple Supplier Foxconn, are looking into India. Xiaomi is especially trying to make a foothold because India is the third largest country of smart phone users. 

"We're setting in stone our commitment to India, by building a flagship device that's designed just for India." Hugo Barro, Google Executive said.

For more news on India, click here.