New Delhi, Mar 7 (KNN) Taiwanese electronic giant Foxconn said that it has not entered into binding, definitive agreements for new investments during its Chairman Young Liu’s recent trip to India.

Negotiations and internal review are ongoing where the iPhone maker would set up its manufacturing plant in India.

The confusion started when the states of Telangana and Karnataka claimed to have signed a pact with the company to set up Apple’s manufacturing unit in their respective states.

However, as per the reports, Foxconn said it has not entered into binding, definitive agreements for new investments during this trip. “Negotiations and internal review are ongoing.

It wrote two separate letters to the Telangana and Karnataka governments.

In the communication with the Telangana government, it committed to setting up a manufacturing facility in Kongara Kalan.

“I now have a new friend in India and I look forward to working with you in future. As discussed with you during our meeting on March 21, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in operationalising the Kongara Kalan Park as early as possible,” reads the letter to the Telangana government. 

In another letter to Karnataka Chief Minister Basavaraj Bommai, Foxconn said its team will be in close contact to take forward “Project Elephant”. 

The company, in the letter to Bommai, said this “Project Elephant” will lay a strong foundation for the company’s other multiple plans, spanning mechanical/ precision machinery, electric vehicle, IC design and semiconductor segments to consider the state as a potential investment destination.  (KNN Bureau)