[ad_1]
Minister for Large and Medium Industries MB Patil said Taiwanese electronics giant Foxconn will start manufacturing iPhones at the Devanahalli unit in Bengaluru by April, 2024. (Representative image/Reuters)
The project is expected to generate employment for at least 50,000 people in the state. Taiwan-based Foxconn plans to manufacture 2 crore iPhone units annually at the plant after the completion of three phases
The Siddaramaiah-led Congress government in Karnataka is all set to hand over 300-acre land to iPhone manufacturer Foxconn by July 1 to set up manufacturing unit for the smartphone giant in Bengaluru. Minister for Large and Medium Industries MB Patil said the Taiwanese electronics giant will start manufacturing iPhone at the Devanahalli unit in Bengaluru by April, 2024.
The government says the project worth Rs 13,600 crore has been expedited and the identified land would be provided to Foxconn by next month. The project is expected to generate employment for at least 50,000 people in the state. The company plans to manufacture 2 crore units annually at the plant after the completion of three phases.
The announcement came after the representatives of Foxconn, including Paul Liu, Tonn Liu, Simon Song, Bharath Dandi and others met MB Patil. IT-BT (Information Technology-Biotechnology) Minister Priyank Kharge was also present during the courtesy visit.
The Taiwan-based global company has already paid 30% of the cost (Rs 90 crore) towards the land to the Karnataka Industrial Areas Development Board (KIADB).
Along with the land, the Karnataka government will provide 50 lakh litres of water daily to the company. It will also provide quality electricity, road connectivity, infrastructure and other necessities.
“The company has been asked to provide the details of the skill sets it seeks in employees. Accordingly, steps will be taken to facilitate training 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.
[ad_2]
Source link
