The Japanese telecom and Internet giant SoftBank is in discussion with Taiwanese electronics firm Foxconn to set up a joint venture in India for manufacturing telecom products.

“We will like to support Make in India programme and vision. We are discussing with Foxconn about how we can support Make in India programme jointly where Foxconn will lead and SoftBank will support,” SoftBank Chairman and CEO Masayoshi Son said.

“The details of this is still work in progress. That announcement will be made sometime in near future,” he said.

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