‘Make in India’ makes it again – Foxconn to invest billions

NRINVfoxconnGlobal electronic manufacturing giant Foxconn announced it will invest $5 billion in Maharashtra over the next five years.

Foxconn chairman Terry Gou said the 1500 acres of land given to them by Maharashtra, upon which they will build their plant, will focus on research and development and manufacturing. The company has chosen the state for being a financial centre, and for the availability of quality talent and software-hardware integration facilities.

Foxconn will look for local partners, and Gou stated that the MoU with the Maharashtra government is different than the already announced JV with the Adani group.

Foxconn will create direct employment of 50,000 people.