Bangalore (Karnataka) [India]March 3 (ANI): In a boost to India’s Atmanirbhar Bharat ambitions, Hon High Technology Group (Foxconn) has announced a major investment in Karnataka, which will create over one lakh jobs, according to an official statement on Friday. Will do
300 acres of land has been identified for this purpose near Bengaluru International Airport in Doddaballapura and Devanahalli taluks.
A team from Foxconn – led by Young Liu, chief executive officer and president, and comprising 16 senior leaders – was in Bengaluru on Friday.
He was received at the airport by Minister for Higher Education, IT and Biotechnology, Science and Technology and Skill Development CN Ashwath Narayan.
The visit began with a visit to the world-class new Terminal 2, which was recently inaugurated by Prime Minister Narendra Modi, followed by a review by senior officials of Bengaluru Airport International Limited (BIAL) on the cargo infrastructure and facilities at the airport. Gave a detailed presentation. After this the team left to take stock of the proposed area.
The Chief Minister and Young Liu discussed Foxconn’s investment plans and Bommai assured full support for the project. The CM said that the electronics manufacturing project is expected to generate over 1,00,000 job opportunities within the state in the next 10 years.
Foxconn is the world’s largest electronics maker, with total revenue expected to exceed New Taiwan Dollar 6 trillion in 2022. As of last year, it ranked 20th on the Fortune Global 500.
The company has 173 campuses and offices in 24 countries or territories around the world. Primary product segments for the company include smart consumer electronics, such as smartphones, televisions, game consoles, cloud and networking products including servers and communications networks; computing products such as computers, tablets, and components and others such as connectors, mechanical parts, services, etc. (ANI)
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