Foxconn Chairman Young Liu Said He Will Ensure Successful Grounding Of The “Project Elephant” In Bengaluru

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Hon Hai Precision Industry (Foxconn) on Monday said it will be in close contact with Karnataka to take its electronic manufacturing project on the outskirts of Bengaluru forward, pledging its commitment to work on the MoU it signed with the State Government on Friday.

In a two-page letter to Chief Minister Basavaraj Bommai, Foxconn chairman Young Liu said he will “ensure successful grounding of the “Project Elephant” in Bengaluru,” seeking to clear any air of confusion created by the company’s earlier statement that Friday’s agreement was not “definitive” in nature.

“I am confident that this project will lay a strong foundation for our other multiple plans, spanning mechanical/precision machinery,k electric vehicle, IC Design & semiconductor segments to consider your State as a potential investment destination,” Liu said.

He mentioned IT/BT Minister CN Ashwath Narayan and Industries Minister Murugesh R Nirani and Chief Secretary Vandita Sharma for receiving the Foxconn team and facilitating various meetings and his visits to the T2 of the international airport. “The efficiency of cargo handling at the airport does have a significant bearing on our operations and metrics as we rely on air freight for our multiple products to a considerable extent.

The Taiwan-based biggest contract manufacturer in the world has proposed to set up an electronics manufacturing and assembly unit on the outskirts of Bengaluru where it is expected to produce the iPhones for Apple.

The new plant that will come up on a 300-acre plot near the Bengaluru international airport will be Foxconn’s largest such unit in India and generate 100,000 direct and indirect jobs over the next 10 years.

The government and Foxconn did not reveal the projected investment for the facility, but people briefed on the project put it at nearly $1 billion. Bommai’s government has been marketing the state as a key destination for investment in electronics system design & manufacturing (ESDM).

There are reports that besides iPhones and components for Apple’s smartphone, the Taiwanese company is also likely to manufacture other electronic items and electric vehicle parts at the proposed plant.

Hon Hai Precision Industry (Foxconn) on Monday said it’ll be in close contact with Karnataka to take its electronic manufacturing design on the outskirts of Bengaluru forward, pledging its commitment to work on the MoU signed with the State Government on Friday. In a two-runner letter to Chief Minister Basavaraj Bommai, Foxconn president Young Liu said he’ll “insure successful grounding of the “Project Elephant” in Bengaluru,” seeking to clear any air of confusion created by the company’s  before statement that Friday’s agreement wasn’t” definitive” in nature. “I’m confident that this design will lay a strong foundation for our other multiple plans, gauging  mechanical/perfection ministry, k electric vehicle, IC Design & semiconductor parts to consider your State as an implicit investment destination,” Liu said. He mentioned IT/ BT Minister CN Ashwath Narayan and diligence Minister Murugesh R Nirani and Chief Secretary Vandita Sharma for  entering the Foxconn team and easing colorful meetings and his visits to the T2 of the transnational  field”. The effectiveness of weight running at the  field does have a significant bearing on our operations and criteria as we calculate on air freight for our multiple products to a considerable extent. The Taiwan-grounded biggest contract manufacturer in the world has proposed to set up an electronics manufacturing and assembly unit on the outskirts of Bengaluru where it’s anticipated to produce the iPhones for Apple. The new factory that will come up on a 300-acre plot near the Bengaluru transnational field will be Foxconn’s largest similar unit in India and  induce 10,000 direct and circular jobs over the coming 10 times. The government and Foxconn didn’t reveal the projected investment for the installation, but people briefed on the  design put it at nearly$ 1 billion. Bommai’s government has been  selling the state as a crucial destination for investment in electronics system design & manufacturing (ESDM). There are reports that besides iPhones and factors for Apple’s smartphone, the Taiwanese company is also likely to manufacture other electronic  particulars and electric vehicle corridors at the proposed factory.