Foxconn, a seasoned technology corporation, has acquired 300 acres of land in Bengaluru’s countryside. Around Rs 300 crore is the current estimate for the price. The iPhone is made by Foxconn for Apple. In a filing with the London Stock Exchange (LSE), this information was revealed. On May 9, “Foxconn Hon Hi Technology India Mega Development,” a Foxconn subsidiary, made this land purchase.
Largest iPhone component supplier
On the outskirts of Bangalore, at Devanahalli, close to Kempegowda International Airport, is where the land is located. The Taiwanese electronics manufacturer has taken this action to move production innovation away from China. Let us inform you that Foxconn is the primary supplier of components for Apple iPhones. Gunjan Krishna, the commissioner for industrial development, stated that the land would be taken into possession following the elections on May 10.
After voting, the company will assume possession.
Let us inform you that voting for the Karnataka assembly elections will take place on May 10. On March 20, the Karnataka government and Foxconn signed a contract. on this, it is planned to invest 8,000 crores in a manufacturing facility for mobile devices. In the state, this will result in 50,000 new job possibilities.
Foxconn indicated an interest in establishing an electronics facility
in Bengaluru as part of “Project Elephant” in a letter to Bommai dated March 6. Let us inform you that Apple’s increased production supports Prime Minister Modi’s ‘Make in India’ initiative. On his international trips, PM Modi has urged people to buy products made in the South Asian country.
We’ll inform you that Apple is putting a lot of effort
into expanding its clientele in India. In accordance with this, the business has already opened two Apple stores in India. In Mumbai, the first store has opened, and in Delhi, the second.
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