Foxconn invites bids for construction of chip assembly plant in India

The company has earmarked Rs 1,200 crore as an initial investment for the project

Taiwanese electronics manufacturer Foxconn has invited bids to construct a plant in Karnataka with an outlay of Rs 1,200 crore, according to sources.

The project will be executed through Foxconn Hon Hai Technology India Mega Development Pvt.

The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn.