Foxconn Industrial Internet (Fii) has expressed its interest to invest Rs 8,800 crore in Karnataka, which is expected to create 14,000 job opportunities.
This is the second investment proposal made by Foxconn and its subsidiaries this year. In March, Foxconn decided to invest around Rs 8,000 crore for a phone manufacturing plant at the Information Technology Industrial Region (ITIR) near Bengaluru International Airport at Devanahalli. This unit is expected to be operational from April 2024 with a proposed investment.
The project requires around 100 acres of land, and the company delegates have visited the Japanese Industrial Township in Tumakuru to examine the land.
The supplementary plant operated by Fii will focus on manufacturing screens, outer coverings, and mechanical components required for iPhones. It will work in conjunction with the proposed end assembly unit located in Devanahalli.
