Foxconn recently informed that it had bought a huge tract of land in tech hub Bengaluru. Foxconn recently informed that it had bought a huge tract of land in tech hub Bengaluru. Foxconn recently informed that it had bought a huge tract of land in tech hub Bengaluru. Taiwanese electronics giant Foxconn, a key Apple supplier, will start manufacturing iPhones in Bengaluru by April 2024, Minister for Large and Medium Industries MB Patil said on Thursday. The minister informed that the company has plans to start manufacturing iPhones at its proposed Devanahalli plant and the state government would hand over the required land for the company by July 1 to facilitate this, India Today reported.
"The identified 300 acres of land at ITIR of Devanahalli would be handed over by July 1," Patil said, adding that along with this, the government would ensure providing 5 MLD of water, quality power supply, road connectivity, and other infrastructure facilities.
The announcement comes just weeks after the new government led by Congress took over in Karnataka. The Rs 13,600 crore project is expected to create 50,000 jobs. The minister said that Foxconn has been asked to provide the details of the skill sets it seeks in employees. Accordingly, he said, steps will be taken to facilitate training programmes for eligible candidates to make them employable.
Foxconn has already paid 30 per cent of the cost of the land (Rs 90 crore) to Karnataka Industrial Areas Development Board. The electronics giant has set the goal to complete the project in three faces and has set a target of manufacturing 20 million units (2 crore units) annually from the plant after the completion of three phases.
The minister made the announcement after the representatives of the company led by George Chu met him as part of the courtesy visit. Karnataka's Information and Technology Minister Priyanka Kharge was also present.
Last month, Foxconn informed that it had bought a huge tract of land in tech hub Bengaluru. The company is the world's biggest contract electronics manufacturer and a principal assembler of Apple iPhones. In a statement to the London Stock Exchange, the company said it had acquired 1.2 million-square-meter (13 million-square-foot) land in Devanahalli, near the airport for Bengaluru.
In March, former Karnataka Chief Minister Basavaraj Bommai said that Apple would "soon" manufacture iPhones at a new plant that would create "about 100,000 jobs".