Foxconn Invests ₹1,200 Cr in Karnataka, Plans Manufacturing Facility

Foxconn has invested approximately ₹1,200 crore (around USD 144 million) into its Karnataka-based Foxconn Hon Hai Technology India Mega Development. The Karnataka government recently announced that Foxconn plans to invest ₹25,000 crore to build a large manufacturing facility near Dodda Ballapur, expected to generate around 40,000 jobs, particularly for middle-level educated individuals. The government has allocated 300 acres for this new mobile manufacturing unit, which will be Foxconn's second-largest facility globally, following its plant in China.