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Bengaluru: The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two...
Karnataka govt and Foxconn signed an LoI to set up two manufacturing projects including one which will be a partnership with US-based Applied Materials which would create employment opportunities for 13,000 people in the state.
The Karnataka government and iPhone maker Foxconn have signed a Letter of Intent (LOI) for two projects with an estimated investment outlay of Rs 5,000 crore generating 13,000 jobs, state Large and Medium Industries Minister M.B. Patil said on ...
The projects will significantly contribute to the state's economic growth and foster employment opportunities for thousands of skilled individuals, says the minister
The signing ceremony took place between a high-level delegation of the Government of Karnataka and Foxconn in Chennai recently, where Large and Medium Industries and Infrastructure Development Minister M B Patil and Minister for IT and BT, Rural Development and Panchayat Raj Priyank Kharge along with senior officials met Foxconn Chairman Young Liu and other executives of the company.