Foxconn company to generate 14000 jobs, Rs.8,800 crore investment by Foxconn company; iPhone maker Foxconn’s to invest Rs 8800 crore in Karnataka to generate 14,000 jobs

A high-level meeting was held at the Vidhana Soudha Committee Room under the chairmanship of Chief Minister Siddaramaiah with the FII delegation led by the company’s CEO Brand Cheng regarding the proposal to set up another unit in Tumkur to supplement the iPhone manufacturing unit that Foxconn Company intends to set up in the ITIR zone of Devanahalli, Bangalore. As a result, the company has promised to create 14,000 thousand jobs with an investment of Rs.8,800 crore.

Speaking at the meeting, CM Siddaramaiah said Karnataka has a good environment conducive to industrial growth. There is constant connection and coordination between the academic and industrial sectors. He explained that skilled personnel are also available. Foxconn assured that the state government would provide all necessary cooperation to set up its business.

Foxconn Industrial Internet (FIT), a subsidiary of Foxconn Company, has invested Rs 8,800 crore for this. Plans to invest. It will create 14,000 jobs and will require 100 acres of land for setting up the unit.

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The FII unit will manufacture phone screens, outer casings and other automotive accessories. While the proposed iPhone manufacturing unit near Devanahalli is an ‘end assembly’ unit, the FII unit will be a complementary unit. All these productions require technicians and other personnel, and a huge number of jobs will be created.

On this occasion, M. B. Patil, Minister for Industrial Affairs, spoke and promised to provide all necessary assistance if Foxconn Company wants to establish any other industry including Semi Conductor in our state.

The meeting was held in the presence of IT-BT Minister Priyank Kharge and Chief Secretary Vandita Sharma.

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FII General Managers Michael Ling, Jason Lau, Angie Lynn, Directors Senthil Kumar, Bharat Dandi and others were present.

Chief Minister’s Additional Chief Secretary Rajneesh Goyal, Industries Department Principal Secretary Selvakumar, Commissioner Gunjan Krishna and others were present.

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