They also signed an memorandum of understanding with the state government of Maharashtra to set up an electronics manufacturing plant in Maharashtra with an investment of $5 billion within a 5-year period.[56] In September 2016 Foxconn started manufacturing products with Gionee.[57] In April 2019 Foxconn reported that they are ready to mass-produce newer iPhones in India.[58] Its Chairman Terry Gou said that the manufacturing will take place in the southern city of Chennai.[58]