Mumbai : The world’s largest contract manufacturer of electronic gadgets Foxconn Technology may pick up a stake either in listed Mukta Arts or one of its arms, as the Taiwanese firm seeks to branch out beyond its established forte of hardware products, reports PTI.

Foxconn tied up with Mukta Arts’ subsidiary WhistlingWoods International (WWI) over the weekend for co-creation of content which can be used across media platforms.        Mukta Arts-promoter and filmmaker Subhash Ghai told PTI that there are many possibilities for the tie-up, and Foxconn may look at taking stakes in either Mukta Arts or WWI, which is engaged in teaching film making.

Mukta Arts had reported a net loss of Rs 6.99 crore in 2014-15.

Veteran filmmaker Ghai said Foxconn, which manufactures Apple i-Phones and a host of devices for other manufacturers, needs content which will run on the hardware devices it manufacturers, and hence, it has tied-up with WWI.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in