Foxconn, Apple iPhone Manufacturer, Acquires 300 Acres in Bengaluru

Rutuja Kedare May 10, 2023 0

Hon Hai Precision Industry has acquired a 300-acre land parcel in the Bengaluru rural district of Karnataka for approximately INR 300 crore ($37 million). The purchase was carried out on May 9, 2023, on behalf of its subsidiary, Foxconn Hon Hai Technology India Mega Development

The land is located in Devanahalli near Kempegowda International Airport, on the outskirts of Bengaluru. This move is part of the Taiwanese electronics manufacturer’s strategy to diversify its production away from China. Foxconn is the biggest supplier of Apple iPhone parts.

Earlier, on March 20, the Karnataka government signed a significant Memorandum of Understanding (MoU) with Foxconn, wherein the company committed an investment of INR 8,000 crore for establishing a mobile manufacturing unit that would create employment opportunities for 50,000 people in the state.

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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email


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