In a huge boost for Maharashtra Foxconn on Saturday signed a 5 billion dollars deal with the state government that will see the Taiwanese firm setting up their units in Maharashtra and manufacture Iphones, IPads, Laptops and silicon chips. Bollywood too would be smiling at the deal as the firm is in talks with them for supplying content for their phones and other products.Maharashtra Chief Minister Devendra Fadnavis and Foxconn Founder and Chairman Terry Gou signed the deal at the World Trade Centre. Foxconn will make the investment spread over five years and is going to generate a minimum of 50,000 jobs in the state. Not just jobs the products manufactured by Foxconn like IPhones and Ipads would be available at cheaper prices in the state.Two land parcels have been demarcated by the state comprising 1500 acres, while one of the land parcels is in Pune the other is near Mumbai. According to the details of the agreement Foxconn has to be handed over the land by the Maharashtra Industrial Development Corporation (MIDC) by February 2016. Maharashtra government officials said that they would hand over the land to Foxconn before the end of this year itself.Foxconn has tied up with Bharat Forge for developing infrastructure and a cargo hub. Maharashtra government officials said that since huge number of volumes would be created through manufacturing a special air strip near the Pune airport will be created for handling the Cargo operations of Foxconn.The Taiwanese firm will source its engineers from IIT Mumbai, State government officials said that the firm will also be training 1,000 of those who get employment in its factories by taking them to Taiwan University for a bridge course where their skills would be further upgraded.A top state government officials said they would that the company would start manufacturing by 2018.