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.
Fii, a subsidiary of iPhone maker Foxconn, on July 17 held a meeting with Karnataka Chief Minister Siddaramaiah and Industries minister MB Patil to discuss their proposal for establishing a supplementary plant alongside their proposed unit in the Devanahalli ITIR region.
The project requires around 100 acres of land, and the company delegates will visit the Japanese Industrial Township in Tumakuru on July 17 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.
During the meeting, Siddaramaiah highlighted the state's supportive ecosystem for industrial growth and emphasised the coordination between academia and industries.
Full cooperation
He assured the Fii team led by CEO Brand Cheng, that the government will facilitate the availability of skilled human resources and urged them to set up the unit in the state.
Industries minister MB Patil expressed the government's willingness to provide full cooperation for the proposed projects. He also said the government is ready to consider other proposals from the company, such as establishing a semiconductor manufacturing unit if it comes forward.
Government of Karnataka is exploring potential collaboration with Foxconn Industrial Internet, a global leader in smart manufacturing and industrial Internet solutions. The partnership which holds tremendous promise for boosting industrial growth, creating huge employment… pic.twitter.com/zgEZv2nn2a— Priyank Kharge / ಪ್ರಿಯಾಂಕ್ ಖರ್ಗೆ (@PriyankKharge) July 17, 2023
Karnataka Welcomes #Foxconn Industrial Internet (#FII) Company's Mega Investment, Boosting Tech Sector and Job Opportunities!Rs. 8,800 Cr of investement
14,000+ job opportunitiesParticipated in a productive discussion with #FII CEO Sri #BrandCheng & his Team, held… pic.twitter.com/PC4DCRJyMR
— M B Patil (@MBPatil) July 17, 2023
The meeting, chaired by the CM, took place at Vidhana Soudha and was attended by IT/BT minister Priyank Kharge and chief secretary Vandita Sharma. Fii delegates Michel Ling, Jason Lau, Angie Lein, Bharath Dandi, as well as ACS to CM Rajaneesh Goel, Industries department principal secretary Selva Kumar, and commissioner Gunjan Krishna were also present in the meeting.
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