Follow Us:
Wednesday, April 08, 2020

Foxconn signs pact with Maharashtra, to invest USD 5 bn over five years

The announcement was made by Foxconn founder Terry Gou and Maharashtra Chief Minister Devendra Fadnavis after the signing of an accord between the two in the state capital.

By: Reuters | Mumbai | Updated: August 8, 2015 2:38:17 pm
Foxconn, PM Narendra Modi, PM Modi, Adani group, iPhone, Apple iPhone in India, Foxconn India, Foxconn Chennai plant, Make in India campaign, Foxconn Technology, Adani, Adani group, Foxconn Make in India, Foxconn India unit, Apple India, Apple iPhone, Foxconn Maharashtra, Apple iPhone 6 Amazon, Apple iPhone 6 Flipkart, Apple iPhone 6 Amazon India, Foxconn Maharashtra in India, Mobiles, Smartphones Technology, Technology news Foxconn was looking for local partners for the planned facility in Maharashtra.

Taiwan’s Foxconn, the trade name for Hon Hai Precision Industry Co Ltd, on Saturday signed a pact with Maharashtra state to invest $5 billion over five years on a new electronic manufacturing facility.

The announcement was made by Foxconn founder Terry Gou and Maharashtra Chief Minister Devendra Fadnavis after the signing of an accord between the two in the state capital, Mumbai.

Gou said the company, the world’s largest contract maker of electronic products and counts Apple, Blackberry , Xiaomi and Amazon among clients, was looking for local partners for the planned facility in the western Indian state.

On Tuesday, Gou said in New Delhi he was looking at setting up manufacturing units in various Indian states and possible partnerships in the world’s fastest growing smartphone market.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Technology News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement