Karnataka state high-level clearance committee - Latest News Update, Information, Photos & Videos on Karnataka state high-level clearance committee at Lokmat Times

Bengaluru, March 21 The Karnataka State High-Level Clearance Committee (SHLCC) has approved Foxconn's investment proposal to manufacture mobile devices at facilities expected to come up in Doddaballapur and Devanahalli, an official statement said on Tuesday.The Large and Medium Industries Ministry statement said that Foxconn Hon Hai Technology India Mega Development Private Ltd (FHH) would invest Rs 8,000 crore with employment opportunities for 50,000 people.A delegation led by Foxconn CEO and Chairman Young Liu visited the state and held a meeting with Chief Minister Basavaraj Bommai a fortnight ago in Bengaluru.The matter of investment by Foxconn in the state had run into controversy following the opposition parties questioning the ruling BJP over an alleged publicity stunt with the announcement regarding establishment of iPhone assembling unit by Foxconn in Bengaluru.In wake of this, Bommai had released the letter of appreciation written by Foxconn CEO, terming the visit of the Foxconn team to Bengaluru a great success.The SHLCC meeting was held at Krishna on Monday under the chairmanship of Bommai and approved 18 projects with a total investment of Rs 75,393.57 crore including Foxconn.The 18 comprise 10 new, 5 expansion, and 3 additional projects and are expected to further push industrial growth and generate direct and indirect employment opportunities in Karnataka.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Karnataka State High-Level Clearance Committee, NewsFOLLOW

Karnataka state high-level clearance committee, Latest News

Politics :Foxconn investment proposal cleared by Karnataka high-level committee

Bengaluru, March 21 The Karnataka State High-Level Clearance Committee (SHLCC) has approved Foxconn's investment proposal to manufacture mobile ... ...