Foxconn invites bids to construct Rs 1,200-crore plant in Karnataka


PTI, Feb 9, 2024, 8:09 AM IST

Representative image (Source: Wallpapers cave)

New Delhi: Taiwanese electronics manufacturer Foxconn has invited bids to construct a plant in Karnataka with an outlay of Rs 1,200 crore, according to sources.

The project will be executed through Foxconn Hon Hai Technology India Mega Development Pvt.

The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn.

“Foxconn’s recent bid for plant construction is for an iPhone factory which it is setting up in Karnataka,” a source aware of the development said.

On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant.

The source said the Rs 1,200 crore bid is not for the company’s semiconductor joint venture with HCL.

Last month, Foxconn Hon Hai Technology India Mega Development Pvt Ltd had allocated USD 37.2 million or about Rs 308 crore for setting up a semiconductor joint venture with HCL.

An email sent to Foxconn seeking clarification elicited no immediate response.

In July, Foxconn had proposed setting up a mobile manufacturing unit in Karnataka with an initial investment of Rs 8,800 crore.

The Karnataka government further approved an investment of over Rs 13,000 crore from Foxconn in December.

Government sources had earlier said that the investment for the factory to be set up at Devanahalli (Karnataka) will make iPhones and employ around 50,000 people in the first phase.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Manipal: Senior Doctor Dr. Asha Bhat passes away 

Belagavi dons festive look to host centenary Congress session

India’s Martina Devi clinches silver at Asian Junior Weightlifting Championships

U’khand: 3 killed, 24 injured as bus falls into gorge in Bhimtal

Man tries to immolate self near parliament, taken to hospital

SC restrains ED from accessing seized electronic devices of ‘lottery king’ Santiago Martin

16-year-old girl gang-raped in UP’s Ballia, both accused arrested

Related Articles More

Manipal: Senior Doctor Dr. Asha Bhat passes away 

Belagavi dons festive look to host centenary Congress session

Couple dies in fatal accident near Sampaje

Kodagu: Man seriously Injured in tiger attack

Woman dies by suicide after killing her two children in Kolar

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Manipal: Senior Doctor Dr. Asha Bhat passes away 

Belagavi dons festive look to host centenary Congress session

One dead, 20 rescued after tourist boat capsizes off Calangute beach in Goa

Couple dies in fatal accident near Sampaje

Kodagu: Man seriously Injured in tiger attack

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.