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    Apple to set up a new manufacturing plant in Karnataka

    karnat

    By Mustafa Khan | Published 17 Jul 2023 22:36 IST

    • The news was confirmed by Karnataka’s Large and Medium Industries Minister M B Patil.
    • Fii is planning to invest ₹8,800 crore which is around $1 billion in Karnataka for the said plant.
    • The project requires about 100 acres of land which is available near the Japanese Industrial Park near Tumakuru.

    Apple to set up a new manufacturing plant in Karnataka

    Foxconn, which is a major iPhone Assembler, recently proposed to set up a new supplementary manufacturing plant in Karnataka. Foxconn Technology (Hon Hai Technology Group) is headquartered in Taiwan and is a leading technology and service provider. This addition would supplement the current  Devanahalli Information Technology Investment Region (ITIR) in Karnataka. The news was confirmed by Karnataka’s Large and Medium Industries Minister M B Patil.

    A meeting was held recently with Foxconn Industrial Internet’s (Fii) CEO Brand Cheng for the same and it was chaired by Karnataka’s Chief Minister Siddaramaiah. The meeting was also attended by Information Technology Minister Priyank Kharge and Chief Secretary Vandita Sharma.

    Fii is planning to invest ₹8,800 crore which is around $1 billion in Karnataka for the said plant.

    The project requires about 100 acres of land which is available near the Japanese Industrial Park near Tumakuru. The State is going to help with all the logistics for the same. And according to Minister Patil, the handing over of land for the same is in its “last stage” now. So, we can expect the plant to be set up soon.

    Once the plant is set up, it will generate about 14,000 jobs for the people in the first phase, as informed by the Minster MB Patil. 

    At this plant, Fii is hoping to not just make mechanical components needed for phones but also manufacture screens, and outer coverings. The new manufacturing plant will act as a supplementary one to the current unit at  Devanahalli where the end assembly takes place.

    On the matter, Patil said, “Foxconn is coming up in about 300 acres. The process of handing over land is in its final stages, there were some issues, so I have personally held meetings four times in this regard, as we did not want to lose the project. Foxconn, which manufactures Apple phones, is very prestigious for us”.

    Apple bringing their manufacture in India will be a good thing because the tech-giant will also bring employment with its manufacturing plant. Additionally, the prices of Apple products could also reduce after the plant is set in India.