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Foxconn unlikely to set up production hub in Pune

The manufacturing hub is now scheduled to come up in Konkan

By: | Pune | Updated: September 23, 2016 7:03 AM
Foxconn was offered a site in Talegaon, Pune, after Maharashtra chief minister Devendra Fadnavis announced in August last year that the Taiwanese electronics giant, Foxconn Technology Group, would be setting up a manufacturing hub in the state with an investment of  billion. (Reuters) Foxconn was offered a site in Talegaon, Pune, after Maharashtra chief minister Devendra Fadnavis announced in August last year that the Taiwanese electronics giant, Foxconn Technology Group, would be setting up a manufacturing hub in the state with an investment of billion. (Reuters)

Foxconn may give Pune a miss for its proposed manufacturing unit in the country. A response to an RTI query by The Indian Express from the Maharashtra’s department of industries says the proposed site has changed and an alternative location is being considered. As per the department’s document, the Foxconn manufacturing hub is now scheduled to come up in Konkan.

The Taiwanese electronics giant had signed an MoU with the Maharashtra government to set up its manufacturing unit at Konkan but no specific site in the Konkan has been notified yet.

Foxconn was offered a site in Talegaon, Pune, after Maharashtra chief minister Devendra Fadnavis announced in August last year that the Taiwanese electronics giant, Foxconn Technology Group, would be setting up a manufacturing hub in the state with an investment of $5 billion.

The state government’s Maharashtra Industrial Development Corporation has started land acquisition process in the area.

MIDC was working at breathtaking pace to complete much of this acquisition work. It offered attractive compensation for the land making the land acquisition process easier and quicker.
Around 1,500 acres of land in the Talegaon industrial area was to be acquired and a large chunk of this was to be allocated to the company.

The then MIDC CEO, Bhushan Gagrani had said that Foxconn wanted 1,000 acres and they had completed a substantial part of this acquisition.

But Foxconn had not made a formal application and they were waiting for that to handover the land. Josh Foulger, country head, Foxconn India, did not comment on this development. He said the company will not respond to speculation.

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