Taiwan-based Foxconn, the world’s largest contract manufacturer of mobile phones, is likely to put up a manufacturing base at the special economic zone (SEZ) of Jawaharlal Nehru Port Trust (JNPT).
Taiwan-based Foxconn, the world’s largest contract manufacturer of mobile phones, is likely to put up a manufacturing base at the special economic zone (SEZ) of Jawaharlal Nehru Port Trust (JNPT). The company already has four units at Sri City in Andhra Pradesh. “Foxconn has sought 13 acres of land at the SEZ land in JNPT, which has already identified the area and marked it. The Maharashtra chief minister called me, saying that they want to make a huge investment there,” shipping and road transport minister Nitin Gadkari said here on Tuesday. Foxconn makes products for global device brands such as BlackBerry, Amazon, Motorola, Xiaomi and Sony. Most of its factories are in China.
The company had plans to build as many as 12 factories in India by 2020 to manufacture LED TVs, batteries and other electronics products. It has been looking at potential sites in Gujarat, Karnataka, Andhra Pradesh and Maharashtra. Gadkari, however, said many other companies have applied for space in the JNPT SEZ, but details of these were not immediately known. JNPT is one of the 12 major ports in India and handles over 40% of Indian volumes. Last fiscal, it made a Rs 1,300-crore profit.
Gadkari said investors have evinced interest in other port SEZs for a variety of activities that include leather, wood and fertiliser. Under the Sagarmala initiative, Gadkari said 14 industrial clusters are being set up across the country which can fetch an estimated investment of Rs 12 lakh crore. The government has drawn up an estimated Rs 4-lakh crore investment in the mechanisation and modernisation of the major ports, of which work worth `1 lakh crore has been tendered out.