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"GANDHINAGAR: The world’s largest contract manufacturer of electronic items, Foxconn Technology, is in advanced talks with the state government to set up its manufacturing park here. The Taiwan-based global giant, which makes Apple’s iPhone, is likely to pump in $4 billion (around Rs 25,000 crore) for the proposed project. A large land parcel near Sanand has been identified for the project. Another Taiwanese major, Maxxis group, has also chosen Gujarat’s ‘Motown’ for setting up its tyre-manufacturing plant.Top company officials have recently had a series of meetings with senior officials of various government departments apart from calling on chief minister Anandiben Patel and chief secretary G R Aloria.“Foxconn is keen to develop a manufacturing park and a plant in Gujarat. The company has been shown several locations across the state and it has chosen 1,000 acres near Sanand. The company has sought financial and other concessions. After deliberating on the demands, a state support agreement (SSA) is being prepared,” said a source in the government.This is expected to be probably state’s first project under the ultra mega category. Foxconn plans to make smartphones for Apple and other electronic items in the proposed park.Foxconn is among the top 50 Fortune 500 companies and manufacturers of mobile smart phones, tablets, laptops, LED panels and TV monitors. Its coveted clientele include names like Apple BlackBerry, Motorola, Huawei and Xiaomi.The government is also studying sops offered to Foxconn by the Maharashtra government where the company has already announced $5 billion investment. The terms and conditions of the SSA will be finalized by the CM and state cabinet.A few months ago, Foxconn had visited Mundra in Kutch for scouting the suitable location for its project in Gujarat and it had also initiated talks with Adani group for possible tie-up. However, the deal was at the discussion stage only and no agreement was signed.As part of the Prime Minister Narendra Modi’s China visit this May, Gujarat CM had visited Foxconn’s Longhua Science &amp; Technology Park. The USD 160 billion strong Foxconn had announced that it would be setting up 11-12 manufacturing facilities in India during its founder and chief executive officer Terry Gou’s India visit in July this year. Follow and connect with us on Twitter, Facebook, Linkedin"
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