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The Hindu
The Hindu
National
The Hindu Bureau

Foxconn may ‘significantly’ increase investments in Karnataka

Foxconn Karnataka Priyank Kharge MB Patil Chennai

M.B. Patil and Priyank Kharge, Karnataka Ministers holding portfolios of Large and Medium Industries and IT/BT had a “fruitful discussion” with iPhone maker Foxconn in Chennai.

According to Mr. Patil, the industrial and investment policies of the State government were conducive to nurturing an ecosystem favouring the growth of industries. “The talks we held with the Foxconn chairman were fruitful,” the Minister said.

Meanwhile, the State government has been having a series of interactions with Foxconn officials concurrently in the last three days. Foxconn may also make an additional investment of ₹5,000 crore in the State, said a source who is in the know of the development.

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