A powerful delegation from Maharashtra led by Industry Minister Subhash Desai met on Friday with electronics manufacturer Foxconn chairman Young Liu to discuss advanced investment plans in the semiconductor and consumer electronics segments.
Foxconn, the world’s largest electronics manufacturer, explores the South Asian market for its next venture to build for the world. To that end, Foxconn has held successful rounds of meetings with Prime Minister Narendra Modi and IT Minister Ashwini Vaishnaw, an official statement said.
“Pune has emerged as the most natural choice for Foxconn with one of the best talent pools, industrial ecosystems, consumer base and living spaces in Asia. Foxconn will join a competition of world-class global OEMs and suppliers and will partner with the state to build at the backbone of the electronics and supply chain of the world,” the statement added.
In the past two years, Maharashtra has secured more than Rs 6 lakh crore in investment and has also allocated world-class industrial land, infrastructure and facilities to more than 80 percent of these investors in record time, a state government statement said.
“With groundbreaking policies that are both lucrative for the investor and the state’s sectoral value addition, strengthening the state’s manufacturing and skills ecosystems, Foxconn’s vision of the future aligns closely with the state’s goal of attracting global partners with a long-term vision,” it added.