MUMBAI: Indian conglomerate Adani Enterprises has said that it was in discussions with Taiwan’s Foxconn, the trade name for Hon Hai Precision Industry, for a joint venture, though no agreement had been signed.

A local television channel reported earlier that the company was planning a joint venture worth $5 billion with Foxconn to build components for companies like Apple and Amazon.

“We are at the discussion stage only and have not signed any agreement which requires disclosure,” the company said in a filing.

Foxconn is the world’s largest contract maker of electronic products and counts companies like Apple, BlackBerry, Motorola, Huawei and Xiaomi as clients.

Source: Times of India