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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