UP Govt, Foxconn in talks to set up manufacturing unit

The Uttar Pradesh Government and iPhone maker Foxconn have started discussions to set up an electronics manufacturing unit in the state, sources aware of the development said. The pitch was made by Invest UP to Foxconn at the time of the final land allocation for the HCL-Foxconn chip joint venture Vama Sundari. The JV will initially invest Rs 3,706 crore in setting up a semiconductor facility and expects to create 4,000 jobs.