NAGPUR: Taiwanese company

Foxconn

has decided to start a new unit in India by investing Rs 50,000 crore. It is expected to create 50,000 jobs. As chief minister

Devendra Fadnavis

hails from Nagpur and has been talking about industrializing backward areas, many Nagpurians were disappointed that once again the saturated Mumbai-Pune belt had bagged the investment.

According to Fadnavis, Foxconn was reluctant to invest in India itself, let alone Vidarbha or Marathwada. The reason was they felt that sufficient trained manpower was not available in the country. However, after their team visited Indian Institute of Technology (IIT) Mumbai, the company changed its mind and wanted to be close to this source. The company also decided to help state government in upgrading the Pune airport as it requires a huge cargo facility.

Foxconn chief

Terry Gou

told the CM that it planned to start more units in the country in future and agreed to consider

Aurangabad

and Nagpur as possible destinations.