Foxconn subsidiary proposes to set up another iPhone plant in Karnataka
iPhone assembler Foxconn has a proposal to set up another supplementary plant in Karnataka, according to the state government release. Chief Minister Siddaramaiah chaired a meeting with the Foxconn Industrial Internet CEO Brand Cheng and other delegates here on Monday.Industries Minister MB Patil and IT Minister Priyank Kharge too participated in the meeting. As per the proposal, Foxconn Industrial Internet (Fii), a subsidiary of Foxconn, proposes to invest ₹8,800 crore, the release said, adding this would create 14,000…