Karnataka CM Siddaramaiah Promises Full Support to Foxconn’s New Plant
Bengaluru (Karnataka) [India], August 16: Taiwan-based Foxconn is investing Rs 25,000 crore to set up a massive manufacturing plant near Dodda Ballapur. Chief Minister Siddaramaiah assured full cooperation and necessary infrastructure during a dinner meeting with Foxconn CEO and Chairman Young Liu. Deputy Chief Minister DK Shivakumar, Large and Medium Industries Minister MB Patil, and IT-BT Minister Priyank Kharge were also present.
Chief Minister Siddaramaiah said, “The state government will extend full support to Foxconn. We will provide everything from water, electricity, and roads to legal assistance.” He encouraged Foxconn to consider investing in other sectors, including the fab industry, highlighting Karnataka’s rich industrial culture.
Young Liu responded, “The unit in Karnataka will soon become the second-largest Foxconn plant after China’s unit. It will create 40,000 direct jobs, especially for middle-level educated individuals, and our investment will not stop here; in the future, we plan to explore other sectors also.” He emphasized the importance of mutual trust and shared plans to create a comfortable working environment with quality entertainment, gym facilities, accommodation, and food.
Industries Minister MB Patil stated, “The state welcomes more investment without hesitation. KIADB, KPTCL, the Fire Brigade, and Pollution Control Boards are working with dedication to ensure the smooth implementation of Foxconn’s project. We have already allocated 300 acres of land to the company.”
Deputy CM DK Shivakumar commented, “Karnataka has the best business-friendly policies in the country, and it is heartening to see Foxconn investing here.”
The meeting was attended by Chief Secretary Shalini Rajneesh, Additional Chief Secretary to CM LK Atheeq, Principal Secretary for Industries S. Selvakumar, Commissioner Gunjan Krishna, and IT Secretary Ekaroop Kaur.
Doubts Revealed
Karnataka CM -: Karnataka CM stands for Karnataka Chief Minister. The Chief Minister is the head of the government in the Indian state of Karnataka.
Siddaramaiah -: Siddaramaiah is the current Chief Minister of Karnataka, a state in India. He is a senior politician and leader of the Indian National Congress party.
Foxconn -: Foxconn is a big company from Taiwan that makes electronic products for many famous brands like Apple. They are setting up a new factory in Karnataka.
Rs 25,000 crore -: Rs 25,000 crore is a large amount of money. In Indian currency, ‘Rs’ stands for Rupees, and ‘crore’ means ten million. So, Rs 25,000 crore is 250 billion Rupees.
Dodda Ballapur -: Dodda Ballapur is a place near Bengaluru in Karnataka, India. It is known for its industries and is now getting a new Foxconn plant.
CEO Young Liu -: Young Liu is the Chief Executive Officer (CEO) of Foxconn. A CEO is the top boss in a company who makes important decisions.
infrastructure -: Infrastructure means the basic facilities and systems needed for a place to function, like roads, water supply, and electricity.
Deputy CM DK Shivakumar -: DK Shivakumar is the Deputy Chief Minister of Karnataka. The Deputy CM helps the Chief Minister in running the state government.
Industries Minister MB Patil -: MB Patil is the Industries Minister of Karnataka. He is responsible for promoting and managing industries in the state.
business-friendly policies -: Business-friendly policies are rules and laws that make it easier for companies to do business, like lower taxes and better facilities.
