Taiwanese firm Wistron to invest Rs 3,000 cr in Kolar iPhone unit

News Karnataka

Taiwanese firm Wistron to invest Rs 3,000 cr in Kolar iPhone unit

Taiwanese firm Wistron to invest Rs 3,000 cr in Kolar iPhone unit

Jul 25, 2018 07:21:01 AM (IST)

Taiwanese firm Wistron to invest Rs 3,000 cr in Kolar iPhone unit-1
Kolar: Taiwanese industrial major Wistron Technologies would invest Rs 3,000 crore in the Narasupra industrial sector in Karnataka's Kolar, an official statement said on Tuesday.

"Welcoming the huge investment, Chief Minister H.D.Kumarasway told an expert team from Wistron to submit its proposal for granting land for the company," said the statement from the Chief Minister's Office.

He advised the company to set up a mobile repair and technology facility in the Narsapura industrial sector, about 100 km from Bengaluru, it said.

"Wistron India head Gururaj said the company said would set up a i-phone making unit in the 43 acres of land allotted to it, with employment potential to 10,500 people," said the statement.

State Revenue Minister R. V Deshpande said an agreement would be signed in a week with the company to provide employment to locals.