Minister for Large and Medium Industries MB Patil stated Taiwanese electronics big Foxconn will begin manufacturing iPhones on the Devanahalli unit in Bengaluru by April, 2024. (Representative picture/Reuters)
The undertaking is predicted to generate employment for a minimum of 50,000 folks in the state. Taiwan-based Foxconn plans to manufacture 2 crore iPhone items yearly on the plant after the completion of three phases
The Siddaramaiah-led Congress authorities in Karnataka is all set to hand over 300-acre land to iPhone producer Foxconn by July 1 to arrange manufacturing unit for the smartphone big in Bengaluru. Minister for Large and Medium Industries MB Patil stated the Taiwanese electronics big will begin manufacturing iPhone on the Devanahalli unit in Bengaluru by April, 2024.
The authorities says the undertaking price Rs 13,600 crore has been expedited and the recognized land could be offered to Foxconn by subsequent month. The undertaking is predicted to generate employment for a minimum of 50,000 folks in the state. The firm plans to manufacture 2 crore items yearly on the plant after the completion of three phases.
The announcement got here after the representatives of Foxconn, together with Paul Liu, Tonn Liu, Simon Song, Bharath Dandi and others met MB Patil. IT-BT (Information Technology-Biotechnology) Minister Priyank Kharge was additionally current through the courtesy go to.
The Taiwan-based world firm has already paid 30% of the associated fee (Rs 90 crore) in direction of the land to the Karnataka Industrial Areas Development Board (KIADB).
Along with the land, the Karnataka authorities will present 50 lakh litres of water every day to the corporate. It may also present high quality electrical energy, highway connectivity, infrastructure and different requirements.
“The firm has been requested to present the main points of the talent units it seeks in staff. Accordingly, steps will probably be taken to facilitate coaching programmes for eligible candidates to make them employable,” Patil said.
Foxconn had signed an MoU with the Karnataka government in March, according to which it shall invest Rs 8,000 crore for a mobile manufacturing unit in the state.
