Electronic major Foxconn eyes 200 Hectare land near JNPT : Shipping Ministry officials

Posted by Daily Shipping Times on 02-11-2017        Tweet

...Union Shipping Minister Nitin Gadkari & JNPT Officials recently met Foxconn officials

NAVI MUMBAI: 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 Chaiman Shri Anil Diggikar, IAS, said, "Foxconn has requested 200 hectares and we will examine the file.''

Officials of the JNPT and Union Shipping Minister Nitin Gadkari held a meeting with Foxconn officials recently.

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 State run 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 Chairman Shri Neeraj Bansal, IRS, 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 highest volume of Indian export-import trade. Under the Sagarmala initiative, 14 SEZs are being set up across the Country.