Foxconn Industrial Internet (Fii), a subsidiary of iPhone maker Foxconn, has made a proposal to set up a plant at Tumakuru in Karnataka with an investment outlay of ₹8,800 crore.
Fii would engage in manufacturing screens, and outer coverings apart from making mechanical components needed for phones. This would be a supplementary plant and different from the one Foxconn is currently planning to set up at ITIR (Information Technology Investment Region) in Devanahalli. It would operate as a supplementary plant to the end assembly unit at Devanahalli.
As per the fresh proposal, Fii has explored opportunities to set up a plant that would bring in an investment of ₹8,800 crore to the state and generate 14,000 jobs. The new project would require 100 acres of land and a company delegation that had a high-level meeting with Chief Minister Siddaramaiah here on Monday also was taken to Tumakuru to examine the land availability at Japan Industrial Township in Tumakuru.
