more-inTensions between India and China have been delaying the entry of Foxconn — which manufactures iPhones for Apple Inc. — in Maharashtra, said State Industries Minister Subhash Desai on Monday. Mr. Desai while addressing a press conference at Mantralaya said, “The company had signed an MoU with the State government. Foxconn had signed an agreement as part of the Make in India Week in Maharashtra to set up an electronic manufacturing plant at an investment of $5 billion over five years. However, the MIDC said the State could lease only two sheds on the plot of land in Turbhe. Last week, the Congress had criticised the government saying since the BJP-led coalition took over, the State has been relegated to the third position in proposed investments.

Source: The Hindu November 13, 2017 19:22 UTC