Foxconn Setup iPhone Assembly Plant in Bengaluru

Foxconn setup iPhone assembly plant in Bengaluru

Foxconn intends to build an iPhone assembly facility in Bengaluru’s Devanahalli by April 2024. M B Patil, the Karnataka Minister for Large and Medium Industries, broke the announcement. In a recent tweet, Patil claimed that he had met with senior management from Foxconn to discuss the project and it’s challenges.

According to the report, the Karnataka government has pledged to provide the necessary land to Foxconn by July 1. The company has already given the Karnataka Industrial Areas Development Board Rs. 90 crore, or 30% of the land cost. With a goal of producing 20 million iPhones annually, the project is anticipated to be finished in three stages.

Foxconn iPhone assembly plant at Devanahalli

The government has guaranteed the provision of essential infrastructural facilities, such as a supply of 5 million liters of water per day, reliable power, and road connectivity, to support the project’s effective implementation.

Additionally, the government intends to set up training courses to give qualified applicants the abilities needed by Foxconn for job openings.

Along with Minister Patil and the Minister for IT and BT, Priyank Kharge, Foxconn officials George Chu, Paul Liu, Tonn Liu, Simon Song, and Bharath Dandi attended the meeting. It is believed that the ambitious project, with a projected cost of Rs. 13,600 crore / $1.7 Billion, will provide about 50,000 job possibilities.

By building an iPhone assembly facility, Foxconn hopes to improve its manufacturing capabilities in India and support the expansion of the regional economy. The partnership between Foxconn and the Karnataka government demonstrates the state’s dedication to luring in international capital and promoting industrial growth.