Legal hurdles cleared, Foxconn to get 300-acre plot near Bengaluru airport for iPhone facility soon
Foxconn) as all legal hurdles for the transfer of land have been cleared, Karnataka’s Industries Minister MB Patil informed the legislative assembly on Friday. The Taiwanese tech giant has proposed to commission an assembly unit for Apple’s iPhones near Bengaluru’s international airport by April next year.
The modern facility is coming up at the information technology investment region (ITIR) spread across Devanahalli and Doddaballapur taluks, the minister informed Dheeraj Muniraju, MLA of Doddaballapura. The company, which will invest about Rs 8,500 crore in the proposed manufacturing plant, could start the construction work immediately after the transfer of the plot is complete..
The facility, to be set up by the world’s biggest contract manufacturer, will have the capacity to assemble about 20 million smartphones annually, a recent statement from the government said. The plant, which will come up on the 300-acre plot, will be Foxconn’s largest in India.
The proposed plant, which is expected to be Foxconn’s largest plant in India, will generate about 50,000 jobs at its assembly line segment for iPhones. Karnataka’s High Level Clearance Committee headed by the chief minister had, in March, cleared Foxconn’s proposal to set up a mobile phone unit with an investment of $1 billion (more than Rs 8,000 crore).
The chipmaker subsequently increased the investment proposal to $ 1.7 billion. A Foxconn team of eight members including headquarters representatives George Chu, Simon Song from Foxconn Precious Engineering and corporate chief financial officer Tonny Liu held talks about the company’s plans with Patil, the industries minister, and Priyank Kharge, the IT/BT Minister as well as additional chief secretary (IT/BT) EV
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