Foxconn to set up new ₹8,800 crore iPhone manufacturing plant in Karnataka? Here's what we know so far
industrial growth, creating huge employment opportunities and propelling Karnataka as a leader in the vertical," tweeted state I-T minister Priyank Kharge who was also in attendance. CM Siddaramaiah and Large and Medium Industries Minister M B Patil, he said, had assured the representatives of a “conducive environment for growth and development". “The state is ready to provide full support, offering land required to set up the manufacturing unit, in the 100 acres of land available in the Japanese Industrial Park near (the district headquarters town of) Tumakuru," tweeted Patil.
Earlier on Thursday, Karnataka officials indicated that the handover process for the mobile devices manufacturing unit at Devanahalli ITIR was in its “final stages". “Foxconn is coming up in about 300 acres.
They will invest USD one billion, which is ₹8,400 crore, and will create 50,000 employment in the first phase. The company has planned to start production at the plant by next April," the Minister had said. (With inputs from agencies)
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