Foxconn to set up unit in Bengaluru, Karnataka CM says it will generate one lakh jobs

BENGALURU: World’s leading manufacturer of iPhones, Foxconn (Hon Hai Technology Group), which is likely to shift its base away from China, on Friday signed a Memorandum of Understanding (MoU) with the Karnataka government to set up its manufacturing plant near the Kempegowda International Airport (KIA) on the outskirts of Bengaluru.