Foxconn invites bids to construct Rs 1,200-crore plant in Karnataka

New Delhi: Taiwanese electronics manufacturer Foxconn has invited bids to construct a plant in Karnataka with an outlay of Rs 1,200 crore, according to sources.

The project will be executed through Foxconn Hon Hai Technology India Mega Development Pvt.

The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn.

“Foxconn’s recent bid for plant construction is for an iPhone factory which it is setting up in Karnataka,” a source aware of the development said.