Wistron to invest Rs 30 bn for second iPhone unit in Karnataka

Wistron is planning to invest Rs 30 billion to set up a second integrated smartphone manufacturing unit for Apple’s iPhones on the outskirts of Bengaluru, the capital city of Karnataka.

According to a statement issued by the Karnataka Chief Minister’s office, the plant, for which the company is looking to acquire 43 acres of land in Narasapura, around 50 kilometers east of Bengaluru, will employ around 10,500 people.

Chief Minister H D Kumaraswamy has asked the company to submit a proposal for acquiring the land. Revenue minister R V Deshpande said the state can sign a memorandum of understanding (MoU) for allotment of the land within seven days.

Gururaj A, country head of Wistron, has said that the new unit would be the biggest project of its kind in the country. He added that the company was also looking to expand the unit in the future.

Image Credit : bsmedia.business-standard.com

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