Bengaluru, July 14 (SocialNews.XYZ) Legal hurdles to hand over 300 acres to Taiwanese chip-making giant Foxconn have been cleared and the land would be handed over to the company very soon, Karnataka's Large and Medium Industries Minister M.B. Patil said on Friday.
He also announced that the company would start production by next April.
Answering a question by BJP's Doddaballapura MLA Dheeraj Muniraju in the Assembly, Patil said: "A total of 300 acres will be given to the company in the ITIR (IT Investment Region) spread over Devanahalli and Doddaballapur 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."
The government is facilitating the commissioning of the project which would provide 50,000 jobs, Patil added.
In the last three years, 3 major and medium industries have come up in the Doddaballapura taluk. They have invested about Rs 110 crore and generated nearly 1,450 jobs, the Minister said.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
