Karnataka: iPhone maker Foxconn to set up Rs 8,800 cr plant, create 14,000 jobs
Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800-crore supplementary plant alongside their proposed unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state’s Large and Medium Industries Minister, MB Patil, said on Monday (July 17).
Chief Minister Siddaramaiah chaired a high-level meeting with the delegates of Foxconn Industrial Internet (Fii), headed by its CEO, Brand Cheng, in this regard, he said. As per the proposal, Fii, a subsidiary of Foxconn (formally known as Hon Hai Precision Industry Co. Ltd), has a plan to invest Rs 8,800 crore. “This would create 14,000 jobs and the land required for the project is about 100 acres,” Patil said.
Fii delegates will be taken to Tumakuru to examine the available land at Japan Industrial Township near the district headquarters town. Information Technology Minister Priyank Kharge and Chief Secretary Vandita Sharma were also present in the meeting.
✅ Rs. 8,800 Cr of investement
✅ 14,000+ job opportunities
— M B Patil (@MBPatil) July 17, 2023
“Fii will engage in manufacturing screens, and outer coverings apart from making mechanical components needed for phones. This would operate as a supplementary plant to the end assembly unit at Devanahalli (ITIR),” the minister said in a statement.
“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,” Patil said in a tweet.
Patil said on Thursday that the process of handing over land to Apple Inc supplier and Taiwanese electronics manufacturing giant Foxconn, for its mobile devices manufacturing unit at Devanahalli ITIR is in “final stages”.
Government of Karnataka is exploring potential collaboration with Foxconn Industrial Internet, a global leader in smart manufacturing and industrial Internet solutions. The partnership which holds tremendous promise for boosting industrial growth, creating huge employment… pic.twitter.com/zgEZv2nn2a
— Priyank Kharge / ಪ್ರಿಯಾಂಕ್ ಖರ್ಗೆ (@PriyankKharge) July 17, 2023
“Foxconn is coming up in about 300 acres. The process of handing over land is in final stages, there were some issues, so I have personally held meetings four times in this regard, as we did not want to lose the project. Foxconn, which manufactures Apple phones, is very prestigious for us,” the minister had said.
“Foxconn will invest USD 1 billion, which is Rs 8,400 crore, and will create 50,000 employment opportunities in the first phase (at the Devanahalli ITIR),” Patil had said.
(With agency inputs)