Foxconn decided to invest 5 billion US dollar in Maharashtra over next five years

Aug 10, 2015 08:11 IST

Global electronic manufacturing giant Foxconn and Maharashtra Government on 8 August 2015 signed an agreement in Mumbai to invest 5 billion US dollar in the state over the next five year. This investment will be the largest investment by a foreign company in the western province.

The agreement was signed by the state’s industry secretary Apurva Chandra and Foxconn’s chief financial officer David Huang.

The agreement was signed after Foxconn plant was granted 1500 acres of land at Talegaon in Pune district along the Pune-Mumbai expressway. Soon, the company would come up with its plant in the region.

Foxconn manufactures gadgets for world’s leading electronic brands, including Apple, Huawei, Xiaomi, BlackBerry and Motorola.

This was second major coup for Maharashtra in the past fortnight. On 30 July 2015, General Motors announced an investment of 6400 crore rupees in the state.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes7 People Agreed
Read more Current Affairs on: Foxconn , Maharashtra Government , Maharashtra , Talegaon , Pune , Pune-Mumbai expressway ,

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK