Foxconn Proposes Major Investment in Karnataka with ₹8,800 Crore Manufacturing Plant

Foxconn, one of Apple’s major iPhone assemblers, has proposed establishing a supplementary plant in Karnataka, India. The plant, with an investment of Rs 8,800 crore, aims to create 14,000 jobs on approximately 100 acres of land. The Chief Minister of Karnataka, Siddaramaiah, led a high-level meeting with Foxconn Industrial Internet (Fii), headed by CEO Brand Cheng, to discuss the proposal. Fii plans to manufacture screens, outer coverings, and mechanical components for phones at the new plant, which will complement their existing assembly unit at Devanahalli Information Technology Investment Region (ITIR).

During the meeting, the delegates from Fii were taken to Tumakuru to assess the available land near the district headquarters town for the project. The Information Technology Minister, Priyank Kharge, and Chief Secretary, Vandita Sharma, were also present at the meeting. The state government has expressed its full support, offering the required land in the Japanese Industrial Park near Tumakuru for the manufacturing unit.

In addition to the proposed supplementary plant, progress is being made on the Devanahalli ITIR project. The land transfer process for Foxconn’s mobile devices manufacturing unit is in its final stages. The unit, spread over approximately 300 acres, is set to receive an investment of $1 billion (Rs 8,400 crore) and create 50,000 jobs in the first phase. The state government has been actively involved in facilitating the project, considering Foxconn’s reputation as a prestigious manufacturer of Apple phones.

Overall, these developments indicate a significant investment and job creation potential in the technology manufacturing sector in Karnataka, further strengthening the state’s position in the industry.