Foxconn plans Rs8,800-cr plant in Karnataka

Bengaluru: Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state’s Large and Medium Industries Minister MB Patil said on Monday.

The 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 Rs8,800 Crore. “This would create 14,000 jobs and the land required for the project is about 100 acres,” Patil said.

The delegates of the Fii would be taken to Tumakuru to examine the available land at Japan Industrial Township near the district headquarters town.