apple English news | apple, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Bengaluru, May 9 Foxconn, the world's biggest contract electronics manufacturer and assembler of iPhones, has bought a huge tract of land on the outskirts of Bengaluru.The key Apple supplier has stated this in its filing at London Stock Exchange. The news has come as a shot in the arm to the ruling BJP ahead of crucial Assembly elections scheduled on May 10.Investment by Foxconn in the state had run into controversy following the opposition parties questioning ruling BJP and calling it a publicity stunt.The ruling BJP had announced the establishment of an iPhone assembling unit by Foxconn in Bengaluru. Later, the claim was disputed by the company.An embarrassed Chief Minister Basavaraj Bommai had released the letter of appreciation by Foxconn to defend against the attacks by the opposition.According to latest reports, the company made the statement in this regard at London Stock Exchange. According to the statement, the 1.2 million square metre (13 million square foot) plot has been acquired near Devanahalli located close to Bengaluru International Airport. According to sources, the land was bought for Rs 106.24 crores.This is seen as part of the company's strategy to look for alternative production destinations away from China following rigid Covid rules, the sources said.The Karnataka State High-Level Clearance Committee (SHLCC) had approved Foxconn investment proposal in March. The company proposed to manufacture mobile devices.The official statement from the Large and Medium Industries Ministry said that Foxconn Hon Hai Technology India Mega Development Private Ltd (FHH) would invest Rs 8,000 crore with employment opportunities for 50,000 people.The delegation led by Foxconn CEO and Chairman Young Liu had visited the state and held a meeting with Bommai in Bengaluru. The appreciation letter released by CM's office was written by Foxconn CEO to Bommai and termed their visit a great success.JD-S leader and former CM H.D. Kumaraswamy had asked the ruling BJP to clarify whether the announcement regarding Foxconn by the Chief Minister was a publicity stunt or if any MOU was signed.He had earlier maintained that the Karnataka BJP government had the policy of maximum publicity and zero result policy."Chief Minister Basavaraj Bommai and two other ministers took free publicity by stating that iPhone manufacturer Foxconn company from Taiwan has come to the state for investment. They held the signed letters in their hands stating the MOU had been signed and posed before the media," Kumaraswamy had stated.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

AppleFOLLOW

Apple, Latest News

Beijing [China], May 14 : China's smartphone maker Oppo has said that it will shut down its semiconductor division ... ...

New Delhi, May 13 Mother's Day is right around the corner, and if you're still struggling to find ... ...

New Delhi [India], May 12 : Union Minister of State for Skill Development and Entrepreneurship, and IT and Electronics ... ...

New Delhi, May 12 Seven years on, the Google Pixel family of smartphones have failed to impress Indian ... ...

Washington [US], May 11 : Jeremy Renner's road to recovery prompted a partial reunion of The Avengers. Last month, ... ...

San Francisco, May 10 Smartphone shipments in the US declined 17 per cent (on-year) in the first quarter ... ...

New Delhi, May 10 Apple has introduced a new Pride Edition Sport Band accompanied by a matching watch ... ...

Bengaluru, May 9 Foxconn, the world's biggest contract electronics manufacturer and assembler of iPhones, has bought a huge ... ...