Wait...
  1. Home >
  2. Export Import News >
  3. SEZ >
  4. Foxconn may open up its Chennai SEZ for phone component firms >
  5. Foxconn may open up its Chennai SEZ for phone component firms

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Foxconn may open up its Chennai SEZ for phone component firms.


Date: 25-02-2017
Subject: Foxconn may open up its Chennai SEZ for phone component firms
CHENNAI: Taiwanese phone-maker Foxconn is considering utilising its large SEZ (Special Economic Zone) near Chennai to provide infrastructure for component manufacturers who could supply to its phone assembly lines in the Sri City SEZ in Andhra Pradesh. 

The Foxconn SEZ has been silent but for a small manufacturing unit inside it after Nokia closed its plant in 2014. Foxconn is basing its plan to renew manufacturing in Tamil Nadu on the Centre continuing to offer tax incentives to electronics manufacturers. 

"If all goes according to the plan, we would have suppliers operating from the SEZ by this year. Of course, these suppliers need to find the incentive to make components in India, rather than China. For that the Centre needs to act," said an official aware of Foxconn's plans, refusing to be identified. 

Foxconn did not reply to email queries on its plans in Tamil Nadu. 

The Tamil Nadu government has maintained that the thrust to revive electronics manufacturing had persisted ever since companies like Foxconn, BYD, Lite-On Mobile and others left the state after Nokia's fall. 

"In former chief minister Jayalalithaa's memorandum to the Prime Minister, the state had mentioned that Foxconn is willing to revive the Nokia factory and we had urged the Centre to take the necessary steps to de-freeze the as set," said a top bureaucrat with the industries department. 

An official with the Madras Export Processing Zone (MEPZ) Special Economic Zone said: "They have had initial discussions with us starting operations from the SEZ. But, no applications have been submitted so far. Once the submissions are done, the file goes to the Unit Approval Committee. It will take some time." 

Through a countervailing duty two Budgets ago, the Centre made making phones in India cheaper than importing complete handsets from China.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Date: 30-06-2020
Notification No. 54/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 30-06-2020
Circular No.31/2020-Customs
Extension of validity of AEO certification for ease of renewal process (Modification in Circular No. 27/2020 dated 02.06.2020) [Circular No. 31/2020 - Customs dated 30.06.2020].

Date: 30-06-2020
PUBLIC NOTICE No. 11/2015-2020
Extension of validity of Recognition of Pre-shipment Inspection Agencies (PSIAs

Date: 30-06-2020
Notification No. 57/2020 – Central Tax
Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020.

Date: 29-06-2020
Trade Notice No. 17/2020-2021
Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19

Date: 27-06-2020
Notification No. 55/2020 – Central Tax
Seeks to amend notification no. 35/2020-Central Tax in order to extend due date of compliance which falls during the period from "20.03.2020 to 30.08.2020" till 31.08.2020.

Date: 27-06-2020
Notification No. 56/2020 – Central Tax
Seeks to amend notification no. 46/2020-Central Tax in order to further extend period to pass order under Section 54(7) of CGST Act till 31.08.2020 or in some cases upto fifteen days thereafter.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001