Foxconn to get 300 acres for Apple iPhone unit, says M B Patil

Industries Minister M B Patil on Friday said that legal hurdles related to providing 300 acres of land to Taiwanese giant Foxconn were resolved and the land will be handed over soon to the company.

Replying to a question raised by BJP legislator, Dheeraj Muniraju of Doddaballapura constituency in Assembly, Patil pointed out that a total of 300 acres will be handed over to the company in the Information Technology Investment Region (ITIR) region.

He said that the company proposes to invest around $1 billion (around Rs 8,400 crore) to set up its manufacturing plant where Apple iPhones will be made.