Taiwan-based electronic component manufacturer Foxconn Technology is betting big on India. Foxconn’s Chairman and Chief Executive Officer, Terry Gou, who met all the powers that be both in political as well as corporate circles, said: “We are yet to finalise an investment plan.”
Making his second visit in just 45 days, Terry indicated that his company would look at long-term investments in hi-tech segments. Terry said that his company already has a tie-up with Snapdeal and Micromax, and talks are on with Adani Enterprises to help the latter modernise logistics used for its energy business as also its data centres.
There is a strong buzz that Foxconn and Adani Enterprises are set to enter into a $5-billion investment pact to establish an electronics manufacturing facility. While Adani confirmed that it was in talks with Foxconn, it did not say anything on an agreement.
Speaking to media persons here today, Terry said the company is exploring various locations in Gujarat, Maharasthra, Andhra Pradesh, and Karnataka. The company that manufactures phones for major global brands such as Apple, BlackBerry, Motorola, Sony and Huawei, is now looking at not only making products for India but also for exports.
Terry also pointed out that logistics, supply-chain, infrastructure, power and land availability are crucial issues that will need to be addressed before firming up investment plans in India.