Foxconn chairman assures Karnataka CM – Times of India

BENGALURU: In a letter to Karnataka chief minister Basavaraj Bommai on Monday, Foxconn chairman Young Liu described his visit to Bengaluru last week as a big success, and said he would put in all efforts to ensure the proposed Foxconn project in the state fructifies.
“My team will be in close contact with your team to take this forward and ensure successful grounding of ‘Project Elephant’ in Bengaluru. I am confident that this project will lay a strong foundation for our other multiple plans, spanning mechanical/precision machinery, electric vehicle, IC design and semiconductor segments to consider your state as a potential investment destination,” he said.
“Project Elephant” is the name the state government has given to the proposed Foxconn project. The letter appears to be an attempt to quell the uncertainty around the Taiwanese company’s project, following its statement on Friday that no ‘definitive agreement’ was signed during Liu’s visit.
Meanwhile, the Telangana government on Monday sought to clear the confusion by releasing a letter from Liu to CM K Chandrasekhar Rao, reiterating his commitment to manufacture in Telangana. Liu had met both KCR and Bommai last week.