Karnataka’s State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, on December 12 approved Foxconn’s investment of an additional Rs 13,911 crore.
Karnataka’s Large and Medium Industries and Infrastructure Development Minister MB Patil said the company was earlier approved to invest Rs 8,000 crore in the state. “SHLCC has approved Foxconn’s proposal to invest an additional ₹13,911 crore”, he said.
Officials said the additional investment has been earmarked for a manufacturing facility within the Information Technology Investment Zone (ITIR) industrial area at Doddallapur in Devanahalli Taluk. In May 2023, Hon Hai Precision Industry (Foxconn) acquired land worth Rs 300 crore ($37 million).
