02-11-2017

India: Electronic giant eyes 200 hectares at JNPT

Foxconn, a Taiwan-based multinational electronics contracts manufacturing company, is eyeing 200 hectares of land at the Jawaharlal Nehru Port Trust as it is keen to set up a billion-dollar plant, sources said.

JNPT is a shipping port off Mumbai and accounts for a huge chunk of India's import-export trade.

Confirming the development, JNPT chairperson Anil Diggikar said, "Foxconn has requested 200 hectares and we will examine the file.''

Senior government officials had earlier revealed that the Indo-Chinese standoff at Doklam had led to the delay in setting up of the project.

Officials of the JNPT and Union Shipping Minister Nitin Gadkari held a meeting with Foxconn officials recently. The company, however, did not respond to the emails, calls and messages from this newspaper.

According to sources, Foxconn had signed an agreement as a part of the Make in India initiative to set up an electronic manufacturing plant with an investment of up to five billion dollars in the next five year. However, the staterun Maharashtra Industrial Development Corporation was unable to grant them the plot of land.

In 2015, Foxconn had announced it would set up 12 factories in India, creating about 1 million jobs. The same year, it signed an exploratory agreement with Maharashtra to set up an electronics manufacturing plant in the state, investing $5 billion over five years.

The firm then asked the union shipping minister for land and was assured land in the shipping port.

JNPT deputy chairperson Neeraj Bansal said, "One of the probable location is JNPT. We are waiting for the entire proposal so that we can take it forward. We want to understand what kind of land they need."

JNPT Mumbai handles over 40 per cent of Indian export-import volumes.

Under the Sagarmala initiative, 14 SEZs are being set up across the country.

Source: MM(https://mumbaimirror.indiatimes.com/mumbai/other/electronic-giant-eyes-200-hectares-at-jnpt/articleshow/61377353.cms)

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