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Foxconn Invests ₹1,200 Cr in Karnataka, Plans Manufacturing Facility

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Foxconn Invests ₹1,200 Cr in Karnataka, Plans Manufacturing Facility
Foxconn has announced intentions to invest ₹25,000 crore to develop a big manufacturing plant at Dodda Ballapur.

Foxconn has put about ₹1,200 crore (about USD 144 million) into its Foxconn Hon Hai Technology India Mega Development, which is situated in Karnataka. Foxconn has announced intentions to invest ₹25,000 crore to develop a big manufacturing plant at Dodda Ballapur. The Karnataka government anticipates that this project would create around 40,000 employment, mostly for middle-class and well-educated citizens. This new mobile manufacturing unit, which would be Foxconn’s second-largest facility globally after its plant in China, has received 300 acres from the government.

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