Legal hurdles to hand over 300 acres to Taiwanese chip-making large Foxconn have been cleared and the land can be handed over to the company very quickly, Karnataka’s Large and Medium Industries Minister MB Patil mentioned on Friday.
He additionally introduced that the company would start production by next April.
Answering a query by BJP’s Doddaballapura MLA Dheeraj Muniraju within the Assembly, Patil mentioned, “A total of 300 acres will be given to the company in the ITIR (IT Investment Region) spread over Devanahalli and Doddaballapur taluks. The company would invest around Rs 8,500 crore to set up a manufacturing plant. The company can commence construction work immediately after the handing over of the land.”
The authorities is facilitating the commissioning of the venture which would supply 50,000 jobs, Patil added.
In the final three years, 3 main and medium industries have come up within the Doddaballapura taluk. They have invested about Rs 110 crore and generated almost 1,450 jobs, the Minister mentioned.
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