Business Standard

Rs 8,000-crore Foxconn project receives Karnataka govt's approval

A total of 18 projects worth Rs 75,394 cr sanctioned

Foxconn
Premium

Shine Jacob Chennai
The Karnataka government has approved a project by Foxconn Hon Hai Technology India Mega Development (FHH) that may see an investment of around Rs 8,000 crore. The project may also create job opportunities for around 50,000 people.

There was confusion around Foxconn’s investment plan in India after the Telangana and Karnataka governments simultaneously claimed that the Taiwanese giant had signed up to make big investments in their respective states to manufacture electronics. The company, however, later said that there were no “definitive agreements” in place. Following this confusion, the company wrote letters to the chief ministers of both states, stating

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 21 2023 | 7:06 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com