The corporate – additionally recognized by its official identify Hon Hai Precision Business Co. Ltd— is constructing a contemporary facility to assemble 20 million smartphones yearly on a 300-acre plot spred acrss Doddagollahalli and Chpparadahalli villages in Devanahalli taluk, close to the Kempegowda Worldwide Airport, Bengaluru.
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The Karnataka Industrial Areas Growth Board (KIADB), an arm of the industries division which has acquired the land, mentioned it could erect a fence round Foxconn’s plot to guard it from encroachment.
KIADB CEO M Mahesh mentioned his group was depositing the compensation payable to landowners to the native courtroom in Devanahalli as per its orders staying direct cost to them.
The KIADB has acquired 867.37 acres of land in Kundana hobli for growing an industrial property, and 300 acres of this was being allotted to Foxconn.
The federal government had, in March final yr, cleared Foxconn’s proposal to take a position $1 billion to arrange the iPhone manufacturing unit. The world’s largest electronics producer later elevated the funding by an extra $1.7 billion.