Taiwan-based contract manufacturer Foxconn's US$5 billion investment plan in India and the pilot production plant of mobile phones in Navi Mumbai have been postponed to June due to internal issues and negotiations with the local government, reported the Indian Express on May 8. In August 2015, Foxconn signed an MOU (Memorandum of Understanding) with Maharashtra state government to spend US$5 billion over the next five years on integrating software design and hardware manufacturing, along with other production, R&D, and strategic projects. The state officials said Foxconn representatives had a meeting with the Chief Minister of Maharashtra to discuss certain issues related to the company's planned investment.