India News | Legal Hurdles Resolved, 300-acre of Land Will Be Given to Foxconn Soon: Karnataka Minister MB Patil
Get latest articles and stories on India at LatestLY. "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 said.
Bengaluru (Karnataka) [India], July 15 (ANI): The legal hurdles related to providing 300 acres of land to iPhone maker, Foxconn, have been resolved and the land will be handed over soon to the company, large and medium industries minister MB Patil said on Friday.
He stated this at the legislative assembly while answering a query by Dheeraj Muniraju, MLA of Doddaballapura.
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"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 said.
“The company has planned to start production at the plant by next April. The government is facilitating the commissioning of the project which would provide 50,000 jobs,” he added.
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In the last three years, 3 major and medium industries have come up in the Doddaballapura taluk. They have invested about Rs 110 crores and generated nearly 1,450 jobs, the minister added. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)