A tie-up with Foxconn, world’s largest electronic products maker manufacturing products for Apple, Huawei, Xiaomi, BlackBerry and Motorola among others will give boost to Government of India’s mission for Make in India.
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Despite persistent queries, Gou did not reveal the planned investment, saying the numbers weren’t final yet.
Gou who met with the Prime Minister earlier in the day said the company is very interested in a number of government schemes including Make in India, Skill India, Digital India and Clean India.
Founder and chairman said Terry Gou said on Tuesday he was looking at India with a more than ten years timeframe in mind, but had not firmed up investment figures yet.
Foxconn’s entry assumes significance as India operates under current account deficit and after oil, electronics is the biggest contributor of imports.
Foxconn had to suspend operations at a facility that made Nokia phones on the outskirts of Chennai, three months after Nokia shut its factory nearby, after being caught in tax litigation with the Centre. “We are looking at India for the long term”. “So, we will be careful in making any specific announcement”, Gou said, adding Foxconn would look at exporting from India to neighbouring countries.
Taiwanese electronics giant Foxconn on Tuesday said it was going to invest in India across verticals like manufacturing, start-ups, energy and e-commerce portals and was also looking at bringing supply chain companies and major technologies here.
While refraining from disclosing actual locations, Gou said the company is looking at states including Andhra Pradesh, Gujarat, Maharashtra as possible locations for setting up manufacturing units.
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The agency in a BSE submitting stated: “We are on the dialogue stage exclusively and haven’t signed any settlement which requires disclosure underneath Clause 36 of the Listing Agreement”.
