Chief Minister Siddaramaiah chaired a meeting with the Foxconn Industrial Internet CEO Brand Cheng and other delegates here on Monday. Industries Minister MB Patil and IT Minister Priyank Kharge too participated in the meeting.
In a Twitter post, the Congress-led Karnataka government’s IT minister Priyank Kharge said, Chief Minister Siddaramaiah and Minister of Commerce and Industries MB Patil have assured Foxconn Industrial Internet of a conducive environment for growth and development in the state.
"A total of 300 acres will be given to the company in the ITIR spread over Devanahalli and Doddaballapura taluks. The company would invest around Rs 8,500 crore to set up a manufacturing plant. The company can commence construction work immediately after the handing over of the land," Patil
On withdrawal from the JV with Vedanta, it said both parties "mutually agreed to part ways" and noted there was recognition that the project was not moving fast enough.
New Delhi [India], May 8 (ANI/ATK): Amidst political instability in Maharashtra, the last-minute decision to shift the Vedanta-Foxconn manufacturing plant to Gujarat highlights the critical role that political stability plays in attracting and retaining businesses. As an example, consider th
The first-ever brick-and-mortar retail outlets in India will mark a significant expansion in the country and will offer services and experiences for customers.
In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value of iPhones rose by 162 per cent.
According to SCMP, India is also set to benefit from China's 'trust deficit' arising from zero-COVID policy that disrupted supply chains and prompted firms like Apple and Foxconn to look elsewhere.
Karnataka Congress chief DK Shivakumar on Sunday lashed out at the ruling Bharatiya Janata Party (BJP) in the state and claimed that the BJP "only knows to serve lies to people", stating that the saffron party has been making "tall claims with no authenticity" over its promise of creating on
Young Liu said that his trip to India supported Foxconn's efforts to deepen partnerships in new sectors such as semiconductor development and electric vehicles.