Foxconn sets April 2024 as target to start manufacturing iPhones at Bengaluru plant
Apple’s biggest supplier Foxconn will reportedly start manufacturing iPhones in Karnataka by April 2024, the state government said on Thursday (June 1). A team from Hon Hai Technology Group (aka Foxconn) has reportedly received assurance from the Karnataka government about its upcoming iPhone plant. According to a report by Bloomberg, the state government has confirmed that it will transfer the land parcel to the iPhone maker in a month’s time.
The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs in the state.