Taiwanese major Foxconn seeks 13-acre land at JNPT SEZ

The Dollar Business Bureau

Taiwanese electronics major Foxconn Technology Group has sought 13-acre land in the special economic zone (SEZ) at Jawaharlal Nehru Port Trust (JNPT), Road Transport and Highways and Shipping Minister Nitin Gadkari said on Tuesday.

Foxconn - a contract manufacturer – makes electronic devices for some popular global brands such as Apple, Amazon, BlackBerry, Motorola, Sony, and Xiaomi and has majority of its factories based in China.

“Foxconn has sought a land parcel of 13 acres in special economic zone in JNPT and I have spoken to Maharashtra Chief Minister about the project,” Gadkari told journalists in New Delhi.

However, the Minister added that the project details are not available immediately.

Headquartered in New Taipei City of Taiwan, Foxconn Technology Group is one of the biggest manufacturing contractors of electronics in the world. Foxconn is the third largest IT company in terms of revenue.

Josh Foulger, Country Head and MD, Foxconn International Holding India, had met Commerce Minister Nirmala Sitharaman in March to talk over support for shipping mobile phones from India.

JNPT, situated in Mumbai, is among India’s 12 major ports that manages more than 40% of the country’s cargo volumes.

Gadkari further said investors have shown interest in other ports’ SEZs for a range of activities including wood, leather and fertiliser.

Under the Sagarmala project, 14 SEZs are established all over the country with an investment of around Rs.12 lakh crore.