BANGALORE: Taiwanese gadgets producer Foxconn Technology Group is hoping to put resources into Indian new businesses and is increasing profound knowledge into Indian startup environment reports Business Insider.

Snapdeal founders Kunal Bahl and Rohit Bansal are helping the Foxconn to scout for the best arrangements in the Indian startup market.

More than twelve Indian startups are been introduced to Wen-Hsin (Vincent) Tong, Chairman and Director of ventures at FIH Mobile Limited, a venture arm of Foxconn, at the New Delhi office of Snapdeal .

According to a Foxconn technology group spokesperson, "As a matter of company policy, we do not comment on rumors or speculation. As we have stated in the past, we would consider investments in India if they made commercial sense," reports ET.

The meetings were composed as actuality discovering missions and were situated up for Foxconn to pick up a more profound understanding in one of the world's most dynamic startup centers.

Though names of the new businesses were not known but rather sources told ET that among those present were a few mobile based ventures that offer on demand requests. Foxconn, in any case, declined to affirm the gatherings.

Key financial specialists inspecting for interests in India have expanded throughout the in two years. Aside from South Africa's Naspers, which is a financial specialist in India's greatest e-Commerce organization Flipkart, others, for example, SoftBank have guaranteed to put near to $10 billion in the country.

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