Karnataka Government: Karnataka govt offers additional 100 acres land to Foxconn for proposed Rs 8,800 crore plant | India News

BENGALURU: The Karnataka government, in the presence of chief minister Siddaramaiah, on Monday offered Foxconn an additional 100 acres of land at the Japanese Industrial Township for the Taiwanese telecom company to set up their ancillary unit to the already proposed assembly line in the ITIR region spread across the Devanahalli and Dodballapura taluks.
While the Devanahalli unit is expected to roll out the final iPhone products, the Tumakuru proposal is likely to be for the manufacturing of the screens and body of the iPhones by Foxconn’s subsidiary – Foxconn Industrial Internet (Fii).

According to officials, while Devanahalli plant is likely to have an investment of Rs 1.4 lakh crore with jobs for 50,000 people, the industries department in a note said the ancillary unit will have an investment of Rs 8,800 crore and create jobs for 14,000 people.

On Monday, the team from Fii met the CM along with industries minister M B Patil and IT-BT minister Priyank Kharge to discuss the proposal of setting up an additional unit in Karnataka.

At the meeting, it was proposed that the government was ready to provide the additional 100 acres of land in Tumakuru for the purpose of Foxconn’s ancillary unit.
At the meeting, Siddaramaiah said the state owns an ecosystem to enable the growth of industries and added there exists coordination between the academia and industries.
He said the government will take the initiative to provide the company the required human resources with the required skillset.

Soon after, the representatives were taken to the location for site inspection and gave the company heads a lay of the land which is available in Tumakuru.
Sources said the decision was taken by the industries department to ensure the company will not look “outside” the state and stay closer to Devanahalli for their ancillary unit.
As a result, despite 500 acres proposed for the Japan industrial township, the state government is looking to spare 100 acres from the location towards the Taiwanese company.
At the meeting, M B Patil and Siddaramaiah assured Foxconn representatives that the government was ready to provide all possible assistance for the company to further expand its investments outside of the manufacturing of iPhones, including the semiconductor business if the company wishes to set up in Karnataka which has a suitable ecosystem.