Foxconn Investment: Taiwanese chip and smartphone maker Foxconn is going to set up plants in Karnataka and Telangana. The new plant that is going to be set up in Karnataka will be built on 300 acres near the airport in the capital Bengaluru. For this, the company can make a huge investment of $700 million. At the same time, the company will set up electronics manufacturing setup in Telangana. And last year there was news that the company is going to invest in Gujarat in a joint venture with Vedanta.
What is Foxconn’s investment plan for Karnataka
< p>Through the historic agreement, jobs will be given to more than 1 lakh people in Karnataka in a period of 10 years. The Taiwanese company is going to make big investments in the state and a new 300-acre factory in Karnataka will manufacture Apple phones in India.
Foxconn to set up electronics manufacturing unit in Telangana
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Foxconn, a leading company in the electronics sector, is also going to make a big investment in Telangana. Foxconn has entered into an agreement with the Telangana government to set up an electronics manufacturing setup. Along with this, this company has also promised to provide employment to more than 1 lakh people in this project in the state. Telangana CM K Chandrasekhar Rao (KCR) said Foxconn’s huge investment and the opportunity to create more than 1 lakh jobs in Telangana is commendable.
What is Foxconn’s investment in Gujarat? Planning
The upcoming Vedanta-Foxconn plant in Gujarat will bring $2 billion in direct investment and $5 to $8 billion in indirect investment in the state. Apart from this, the Gujarat government will get a revenue of Rs 26,200 crore directly in the form of GST. At the same time, 2 lakh people of the state will get job opportunities.
How many people will get employment in all the three states
The proposed plant in Karnataka will generate about one Lakhs of employment opportunities can be created. Apart from this, 1 lakh people have been promised jobs in Telangana as well. That is, in total, 2 lakh people are going to get job opportunities in both the states. On the other hand, about 2 lakh people will get direct and indirect job opportunities in Gujarat. This figure can be called good in terms of new jobs.
How good is Foxconn’s investment for the states
Karnataka and Telangana are both in the south of the country. There are states and with this investment where the people of southern states will get employment opportunities in their own state. Apart from this, big industrial investment is going to come in the states, which will make a big contribution in improving the condition of these states. The harmony of both employment and investment is going to prove to be very good for these three states.
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