MAHARASHTRA, INDIA -- Some 15 months after announcing plans to invest $5 billion in new manufacturing plants in India, Foxconn looks like it will likely bail from the projects, a top government official is saying.

India's FirstPost is reporting Maharashtra Department of Industry, Energy and Labour principal secretary Apurva Chandra as saying Foxconn has not landed the customers needed to support the investment.

"Foxconn told us that they are not getting customers so they will not set up the plant in Maharashtra for now," Chandra said.

Another unidentified department source said, "Things are not moving in the right direction. Now, we are getting the signal that Foxconn is unlikely to come. It is a big blow to us because the Foxconn is a big name and a global brand."

The state signed a memorandum of understanding with Foxconn last August, and set aside 1,500 acres of land for a new campus. It was hoped the campus would employ 50,000 workers at capacity. 

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