"My trip this week supported Foxconn's efforts to deepen partnerships. The office of the chief minister of neighbouring Telangana state, Chandrashekar Rao, also tweeted that Liu had signed an agreement on Thursday to "set up electronics manufacturing facilities".įoxconn said employment figures currently being reported "do not equate to direct jobs" with the company. Bommai, tweeted on Friday that Apple would "soon" manufacture iPhones at a new plant in the state, creating "about 100,000 jobs".īloomberg News reported Foxconn was planning to invest $700 million in a new factory in Karnataka, citing unnamed sources. The statement comes after the chief minister of Karnataka state, Basavaraj S.
Financial investment sums discussed in media are not information being released by Foxconn." "Negotiations and internal review are ongoing. "Foxconn has not entered into binding, definitive agreements for new investments during this trip," the statement said. Foxconn said in a statement on Saturday that no deals had been finalised during chairman and CEO Young Liu's visit to India from February 27 to March 4.
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