GulfHindi English Desk: Karnataka Industries Minister MB Patil has announced that Foxconn, the iPhone manufacturer, will soon be given 300 acres of land. According to him, the legal obstacles have been resolved. The land is located in the Devanahalli and Doddaballapura taluks of Karnataka’s IITR. The company plans to establish a manufacturing plant here, with an expected investment of around 8,500 crore rupees. The minister believes that this could create 50,000 jobs.
In the past three years, three industries have come up in the Doddaballapura taluk, with an investment of 110 crore rupees and the creation of 1,450 jobs.
The minister also revealed that Foxconn has plans to start production at the plant by next April. Due to domestic manufacturing, the upcoming iPhone could be cheaper in India, thanks to several tax incentives. It is possible that the iPhone 15 could be launched as part of this new affordable phone in India.
The Karnataka government had approved Foxconn’s proposed investment of 8,000 crore rupees in March. Under this, the manufacturing of mobile devices will take place.
The table below provides a summary of the key details:
👉Land: 300 acres
👉Investment: 8,500 crore rupees
👉Jobs: 50,000
👉Start of production: Next April
👉Previous investment: 110 crore rupees
👉Previous jobs: 1,450
This news article is related to the development of Foxconn’s manufacturing plant in Karnataka and its potential impact on investment and employment in the region.
en.gulfhindi.com News Summary
👉The Karnataka Industries Minister, MB Patil, has announced that 300 acres of land will be provided to iPhone manufacturer Foxconn soon.
👉The legal obstacles have been resolved according to the Minister.
👉The land is located in the ITIR (Information Technology Investment Region) in Devanahalli and Doddaballapur taluks.
👉The company plans to establish a manufacturing plant with an expected investment of around 8,500 crore rupees.
👉The Minister believes that this could create 50,000 jobs.
👉In the last three years, three industries have emerged in Doddaballapur taluk, with an investment of 110 crore rupees and the creation of 1,450 jobs.
👉Foxconn plans to start production in the plant by April next year.
👉Due to domestic manufacturing, the upcoming iPhone is expected to be cheaper in India, thanks to various tax exemptions.
👉The new affordable iPhone 15 could be launched in India.
👉The Karnataka government approved Foxconn’s proposed investment of 8,000 crore rupees in March, which will focus on manufacturing mobile devices.
👉The table summarizes the details:
👉Land: 300 acres
👉Investment: 8,500 crore rupees
👉Jobs: 50,000
👉Start of production: April next year
👉Previous investment: 110 crore rupees
👉Previous jobs created: 1,450.
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