Foxconn to invest USD 5 billion in Maharashtra
Q. Name the company that has signed an agreement with the Maharashtra government on 8th Aug’15 in Mumbai to invest $5 billion in the state over the next five years, the largest investment by a foreign company in the western province?- Published on 27 Aug 15
a. General Motors
b. Hindustan Unilever Limited
Foxconn manufactures gadgets for world’s leading electronic brands like Apple, Huawei, Xiaomi, BlackBerry and Motorola. This is second major coup for Maharashtra in the past fortnight. On 30 July, General Motors announced an investment of Rs.6,400 crore in the state. This investment will generate 50,000 direct jobs and the Foxconn plant is most likely to come up at Talegaon in Pune district along the Pune-Mumbai expressway on 1,500 acres of land.