Subhash Desai: We have not heard from Foxconn in the last two years

  • | Wednesday | 14th February, 2018

But nothing seems to be moving on these projects...We have not heard from Foxconn in the last two years. The State government is eyeing another ?10 lakh crore of investment pacts with domestic and global investors at the upcoming Magnetic Maharashtra Summit, Industry Minister Subhash Desai said in an interview to The Hindu. Foxconn, which had said it will invest ?30,000 crore in the State, and another investor Twinstar had committed a large outlay too. While conceding that startups are leaving the maximum city for Bengaluru, Mr. Desai said it’s not yet known if they have gained from the shift. How many of those industries that committed to invest in 2016 are actually working on the ground now?

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