Foxconn invests Rs 1,200 crore in Karnataka manufacturing unit

Foxconn invested around Rs 1,200 crore in its Indian subsidiary in Karnataka. With Foxconn’s Singapore arm acquiring over 120 crore shares, this unit will become the second-largest plant after China’s unit, creating 40,000 jobs. Future plans include exploring other sectors and setting up a substantial manufacturing plant near DoddaBallapur generating employment opportunities.