Manufacturing – Karnataka First

EIB Global announces 300 million euro loan for Bengaluru suburban railway network

EIB Global, the arm of the European Investment Bank (EIB) for financing activities outside the European Union (EU), on Friday, announced it would provide a 300 million euro loan to build a new suburban railway network covering four dedicated rail corridors in Bengaluru.

The network will stretch over a total of 149 km and include 58 stations and two depots.

At a meeting here, EIB Vice-President Nicola Beer and Karnataka Rail Infrastructure Development Company Ltd’s (KRIDE) Director of Finance Awadhesh Mehta, formally announced the loan towards Bengaluru suburban railway network will help cut pollution and carbon emissions and improve safety for women passengers.

“This funding complements the 500 million euros we allocated for the construction of the Bengaluru Metro R6 line, addressing Bengaluru’s mobility challenges by developing a clean, modern and efficient public transport system,” said Beer.

“The two projects we are financing in Bengaluru aim to create India’s most integrated rail network, providing seamless connectivity with all other modes of public transport in the city,” Beer said in a statement.

The earlier 500 million euro loan was given to build the 23 km Bengaluru Metro R6 line and purchase a fleet of about 96 metro cars. The EIB has so far financed metro projects in Agra, Bengaluru, Bhopal, Kanpur, Lucknow, and Pune, with a total of 3.25 billion euros committed since 2016 – making India the largest beneficiary of its transport financing outside Europe.

EU Ambassador to India and Bhutan, Herve Delphin, said it marks a major milestone in our collaboration as “we unlock new opportunities for growth, connectivity and positive social, economic and environmental impact, further strengthening the partnership between India and the EU”.

Once fully operational, the Bengaluru transport system will see a 43 per cent drop in CO2 emissions. The estimated daily ridership will be approximately 400,000 trips per day in 2029, the first year of full operation, and is expected to increase to about 1.4 million trips per day in 2040, largely aligned with the projected population growth.

source/content: daijiworld.com (headline edited)

NATIONAL: KARNATAKA: INDIA’S FIRST / MANUFACTURING: India’s first indigenous bullet train set to roll by 2026. BEML has been contracted to design, manufacture, and commission by 2026

BEML has been contracted to design, manufacture, and commission India’s first indigenous bullet trains, each with eight cars. The trains will offer modern amenities as part of India’s high-speed rail initiative and are set to roll out by late 2026.

India is advancing its high-speed rail ambitions by developing indigenously built bullet trains. The first bullet train is expected to be manufactured in Bengaluru, featuring a design speed of 280 kilometers per hour (kmph) and an operational speed of 250 kmph. This train is slated for rollout by December 2026.

State-owned BEML has secured a contract worth Rs 866.87 crore to design, manufacture, and commission India’s first indigenously built bullet trains. BEML announced it will supply two high-speed trainsets, each comprising eight coaches, under an order placed by Indian Railways’ Integral Coach Factory (ICF).

BEML stated that each coach would cost Rs 27.86 crore, with the total contract value also covering design costs, one-time development expenses, non-recurring charges, and the costs of jigs, fixtures, tooling, and testing facilities.

KEY DEVELOPMENTS:

While Indian Railways initially considered Japanese technology for bullet trains on the Ahmedabad-Mumbai route, discussions remain inconclusive.

As a result, India may now deploy locally developed trains for this corridor. Notably, BEML’s cost per coach is significantly lower than the Rs 46 crore quoted by Japan for similar bullet train coaches.

BEML highlighted that the infrastructure from this project will be leveraged for future high-speed rail projects across India.

The project, a major milestone in India’s high-speed rail initiative, will deliver trainsets with a 280 km/h test speed.

In comparison, the Japanese Shinkansen E5 series, initially considered for the Mumbai-Ahmedabad line, can achieve speeds of 320 km/h.

The trains will be produced at BEML’s Bengaluru facility and are expected to be delivered by the end of 2026.

They will feature fully air-conditioned Chair Car configurations with modern amenities, including reclining and rotatable seats, accommodations for passengers with restricted mobility, and onboard infotainment systems.

source/content: indiatoday.in (headline edited)

KARNATAKA: Bengaluru-based Flying Wedge Defence & Aerospave (FWDA) announces successful maiden flight of indigenous unmanned bomber aircraft

Bengaluru-headquartered Flying Wedge Defence and Aerospace (FWDA) on Tuesday announced the successful maiden flight of indigenous unmanned bomber aircraft, the FWD 200B.

Classified as a Medium Altitude (15,000 feet) Long Endurance (MALE) Unmanned Aerial Vehicle (UAV), the FWD 200B is equipped with optical payloads for surveillance and missile-like weapons for air strikes and bombing, the FWDA Founder and CEO Suhas Tejaskanda told reporters here.

“The aircraft’s aerodynamics design, airframe, propulsion systems, controls systems, electronics are all made in India at FWDA’s state-of-the-art manufacturing facility of 12,000 sq.ft built on 1.5 acre land, located at Electronic City, Bengaluru,” he said.

FWD 200B features a wingspan of five metres and a length of 3.5 metres. It has a maximum take-off weight of 102 kg and a payload capacity of 30 kg, the company said.

It can fly at a cruise speed of 152 kms per hour, with a maximum speed of 250 km per hour. Its runway requirement is just 300 metres allowing it to operate from shorter airstrips, Tejaskanda said.

“With an endurance of seven hours and a range of 800 km, the FWD 200B ensures extended mission capabilities, providing substantial coverage without the need for frequent refueling or landing,” he said.

PTI GMS RS RS

source/content: thebengalurulive.con (headline edited)

NATIONAL: KARNATAKA: SPACE: ‘Bangalore Space Expo 2024 (BSE 2024)’ Concludes on a High Note – September 18-20, 2024

It was three days of treat for the afficiandos of space technology as the eighth edition of three-day Bangalore Space Expo 2024 (BSE 2024) was held from September 18 to September 20.

What is of significance is that with the push from Prime Minister Narendra Modi, India has privatised space launches and is targeting a fivefold increase in its share of the global launch market, which some expect to be worth $47.3 billion by 2032. This increased private sector participation would help to generate employment, enable modern technology absorption and make the sector self-reliant. It is expected to integrate Indian companies into global value chains. With this, companies will be able to set-up their manufacturing facilities within the country duly encouraging ‘Make In India (MII)’ and ‘Aatmanirbhar Bharat’ initiatives of the Government.

In this background, the BSX 2024 which was held at the Bangalore International Exhibition Centre (BIEC) gave visitors an opportunity to see cutting-edge innovations, exciting space technologies and future of India’s space.

Nothing could be more apt than what Dr S. Somanath, Secretary of Department of Space and Chairman, Space Commission said, “Times have changed. We are capable of building the best equipment. The best devices and the best rockets in India.”

With over 100,000 visitors attending the three-day BSX 2024, the event saw participation by over 250 delegates, space companies from over 250 and pavilions of over ten countries, shows the interest in space technology and increased private funding, technological advancements, and public sector interest. There’s a renewed push to explore beyond. Declining launch costs and rising public interest are propelling this industry to new heights, offering a galaxy of opportunities for investors.

India’s space sector has seen tremendous growth over the past decade. India’s advances in space programs have been highly remarkable, with vigorous and determined efforts by ISRO. Taking the vision of the Government of India in enhancing private sector participation in the space sector, the Confederation of Indian Industry (CII), in association with the Indian Space Research Organisation (ISRO), has been organising the Bengaluru Space Expo 2024 (BSX), a Biennial International Exhibition and Conference since 2008.

From the humble beginnings of transporting rocket parts on bullock carts to the proud achievement of launching a record number of satellites in a single mission, India has proven itself as a trailblazer in space exploration. Until recently, India’s space sector could broadly but in no way exclusively be divided into two major domains: commercial and research. The Mars Orbiter Mission (MOM), which made India the fourth nation to reach Mars, and the Chandrayan-3 Mission to soft launch on the south pole of the lunar surface, are purely research initiatives for space exploration. On the other hand, launching foreign satellites for communication, navigation, and resource survey/management are commercial space activities.

The Indian Space Research Organisation (ISRO), formed on August 15, 1969, is the country’s official space agency. While pursuing space science research and planetary exploration, ISRO has led and defined the nation’s space industry and economy with 124 spacecraft missions, 432 foreign satellite launches, 98 launch missions, and much more. The Bengaluru-headquartered organisation is gearing up for Gaganyaan, India’s first manned mission to space. Several Non-Government Entities (NGEs) aid ISRO as vendors and/or suppliers.

A report by the World Economic Forum and McKinsey estimates the size of the global space industry to be $630 Billion in 2023. It is expected to grow 9% per annum and reach $1.8 Trillion by 2035. The private sector plays a defining role in driving innovation and access through large-scale investments, while non-space private sector partnerships with space players continue to expand.

In a landmark effort to engage and promote private entities in the space sector, the Government launched the Indian Space Policy 2023. There are 189 DPIIT-recognised space technology startups in India, and the space startups have garnered investment worth $124.7 Million during March-December 2023. The policy enables NGEs to engage end-to-end in all domains of the space sector, making startups a lucrative investment option for investors. Alphabet Inc. became one of the first to capitalise on the lucrative potential with an investment of $36 Million in a Bengaluru-based satellite imaging startup called Pixxel. As the space sector flourishes with emerging startups, established NGEs like Dhruva Space, SatSure, Skyroot, and more are also expanding the remit of their operations and research under the policy.

India’s space economy, valued at $8.4 Billion in 2023, currently accounts for 2-3% of the global space economy. But it is estimated to grow to $44 Billion by 2033. The private sector can play a critical role in realising this and BSX 2024 provided the appropriate platform to boost India’s space development.

To facilitate participation from the private sector, the Department of Space (DoS) established the Indian National Space Promotion and Authorisation Centre (IN-SPACe). Though funded by the DoS, IN-SPACe is an autonomous, single-window, nodal agency for all space sector activities of NGEs. It serves as an authorisation and clearance agency for space launches, provides infrastructure support for launch pads, monitors and facilitates the procurement and trade of satellites, enables the use of DoS facilities, and more. IN-SPACe also offers technical expertise and assistance to NGEs and handholds them through the process by sharing technologies, best practices, and products.

Meanwhile, NewSpace India Limited (NSIL), serving as the commercial arm of ISRO under DoS, helps NGEs commercialise their space technologies and platforms. It facilitates manufacturing, leasing, procuring, and trading space components, technologies, and other assets for global markets. It also facilitates space services offered by ISRO and now private companies and consortiums to international and global agencies.

In a more recent and direct reform, an amendment to the FDI policy allows up to 100% foreign direct investment in manufacturing and procuring satellite systems. The satellite sub-sector of the space industry has been distinguished into three different segments with defined foreign investment ceilings. Launch vehicles and their associated products/services can have up to 49% FDI. Activities like operation, data products, and ground and user segments can receive up to 74% FDI. And up to a 100% FDI for the manufacture of satellite components, sub-systems, and ground and user segments of the same.

India’s space sector has always promoted domestic manufacturing and innovation. These principles have held the nation’s space economy in good stead, with the NSIL reporting an annual turnover of INR 28.42 Crore in FY 22-23 alone. The space economy is on a sharp upward trajectory with the influx of space-tech startups and other NGEs. The IN-SPACe has already signed 51 MoUs with NGEs to actualise and support the manufacture of launch vehicles and satellites. Other notable successes include the commercial launches of LVM3 & PSLV and the successful launch of Aditya-L1 aboard PSLV C57 to observe the Sun, cementing India’s place in the global space industry for research and commerce.

The space industry has a crucial role in implementing innovative solutions in several sectors, such as telecommunication, healthcare, agriculture, defence, and others. India’s space sector is at a pivotal juncture. With a rich history of innovation — even at a cost less than Hollywood movies — a booming private sector and a supportive regulatory environment, the nation is poised for a significant leap forward.

By harnessing the collective potential of ISRO, NSIL, IN-SPACe, and its thriving startup ecosystem, India can not only become a major player in the global space economy but also unlock transformative applications for its citizens and the world. The final frontier beckons and India appears well-equipped to answer its call. The space startup ecosystem has flourished, with 189 startups in 2023, receiving $124.7 million in funding. With favorable policy changes, including the Space Policy 2023 and upcoming legislation, India is poised to emerge as a global leader in the space sector, offering new avenues for investments and technological advancements.

As a leader in the space technology domain, India understands the importance of staying at the forefront of innovation and collaboration. The Bengaluru Space Expo 2024 served as a premier platform for industry leaders, innovators, and enthusiasts to come together, exchange ideas, and explore the latest advancements in space technology.

source/content: raksha-anirveda.com (headline edited)

KARNATAKA: SPACE INNOVATION: Bengaluru Start-up Bellatrix Aerospace Unveils Groundbreaking Low Earth Orbit Satellite

Bellatrix Aerospace, a Bengaluru-based start-up, has unveiled an ultra low earth orbit satellite capable of operating at 200 km altitude, thanks to its in-house developed propulsion systems.

This breakthrough aims to significantly enhance satellite performance and could revolutionize satellite applications.

A Bengaluru-based space-sector start-up has set a new milestone by unveiling an ultra low earth orbit satellite capable of operating at an altitude of 200 km. This remarkable feat was achieved through advanced propulsion systems developed in-house.

The satellite, known as Project 200, was showcased by Bellatrix Aerospace. It was officially unveiled by Indian National Space Promotion and Authorization Centre (IN-SPACe) Chairman Pawan Kumar Goenka.

Traditionally, Low Earth Orbit satellites are deployed at altitudes around 450 km to avoid atmospheric drag. Placing satellites in lower orbits typically results in them falling back to Earth more quickly. However, Bellatrix Aerospace’s co-founder and CEO, Rohan Ganapathy, stated that their cutting-edge propulsion technology enables satellites to maintain 200 km orbits for years, rather than deorbiting in a few days.

Ganapathy highlighted that operating at 200 km significantly boosts satellite performance, improving communication latency and image resolution while reducing costs compared to 450 km altitude satellites. This innovation promises to be a game changer, delivering new capabilities previously unachievable by satellites, according to Bellatrix’s co-founder and COO, Yashas Karanam.

Bellatrix Aerospace has also pioneered the use of water-fueled plasma thrusters and high-performing green propulsion alternatives, marking a pivotal step towards reimagining future space operations.

(With inputs from agencies.)

source/content: devidiscourse.com (headline edited)

KARNATAKA: AVIATION/ DEFENCE : Bengaluru company Flying Wedge unveils indigenous bomber UAV

The Bengaluru-based company said the UAV would address India’s need for an advanced unmanned combat aircraft and boost efforts toward self-reliance in a segment critical to modern warfare.

Defence and aerospace company Flying Wedge on Friday unveiled its bomber UAV – FWD-200B – which it said would advance India’s unmanned air combat prowess with cost-efficiency and indigenous capabilities.

The Bengaluru-based company said the UAV would address India’s need for an advanced unmanned combat aircraft and boost efforts toward self-reliance in a segment critical to modern warfare. Flying Wedge had, in 2023, secured a DGCA type certification for its indigenous UAV technology.

FWD-200B is a MALE (medium altitude, long endurance) UAV with a fuel capacity of 100 kg. It comes with optical surveillance payloads and is integrated with missile-like weapons for precision air strikes. The UAV has a maximum speed of 370 kmph (200 knots), an endurance capacity of 12 to 20 hours, and a ground control station range of 200 km. At six metres long, with an eight-metre wingspan, the aircraft can carry a maximum take-off weight of 498 kg and has an operational altitude of 9,000 ft above mean sea level.

After unveiling a full-scale model of the UAV, Suhas Tejaskanda, founder of Flying Wedge, said plans were on to fly the aircraft during May. The company is engaging with the Army Design Bureau (ADB) – which leads the Indian Army’s Make in India initiative – to pursue possibilities of induction into the Armed Forces.

Flying Wedge, through the ADB, is taking the certification process forward with the Indian Army. The ADB’s Regional Technology Node is set to coordinate these efforts based on an evaluation of the aircraft across parameters.

“By June, we’ll be observing the flight dynamics and the behaviour of the aircraft and probably, over the next three months, we should be able to get the aircraft to CEMILAC (Centre for Military Airworthiness and Certification),” Tejaskanda told reporters.

Tejaskanda said the company was also aiming to sell the aircraft to countries in Africa and South-East Asia that are, at present, buying highly-priced UAVs like the Predators from the US. He said the cost involved in the production of an FWD-200B was about Rs 25 crore.

source/content: deccanherald.com (headline edited)

KARNATAKA: LITHIUM RESOURCES: Indian minister reveals discovery of lithium resources in Karnataka state

AMD has established 1,600 tonnes (G3 stage) of Lithium resources in the Marlagalla area, Mandya district.

Jitendra Singh, India’s Minister of State (Independent Charge) for Earth Sciences, said that lithium deposits have been found in the southwest state of Karnataka, a government press release mentioned.

In a written reply in Rajya Sabha on Thursday (Jul 25), the minister stated that the Atomic Minerals Directorate for Exploration and Research (AMD), which is a constituent unit of the Department of Atomic Energy (DAE), has found the presence of lithium resources in the Mandya and Yadgiri districts of the state.

Singh informed that AMD has established 1,600 tonnes (G3 stage) of lithium resources in the Marlagalla area, Mandya district.

The minister also said that preliminary surveys and limited subsurface exploration have been carried out in the Yadgiri district to know about the deposits.

Lithium is mostly used in rechargeable batteries for electric cars, laptops, digital cameras and cell phones. Certain non-rechargeable batteries for devices like toys, heart pacemakers and clocks also include lithium.

While highlighting the presence of lithium reserves, Singh said that AMD has also been exploring lithium in the potential geological domains in parts of Korba District in Chhattisgarh.

He added that, however, the major mica belts located in Rajasthan, Bihar and Andhra Pradesh and Pegmatite Belts in Odisha, Chhattisgarh and Karnataka are the potential geological domains in the country for lithium resources.

Singh shared that a preliminary survey carried out recently by AMD in Himachal Pradesh has led to the identification of surface uranium occurrence in Masanbal, Hamirpur district.

However, he categorically mentioned that the Atomic Energy Commission has not conducted any study to establish an atomic energy plant in the north Indian state.

Singh said that although several small modular reactor designs and technologies released by overseas vendors and nations are being examined to obtain technical specifics, no proposal to work with foreign vendors or nations is being considered at this time.

He further mentioned that the Indian and Russian governments have expressed interest in expanding the cooperation in the field of the use of nuclear energy for peaceful purposes including cooperation in the field of Small Modular Reactor.

(With inputs from agencies)

source/content: wionews.com (headline edited)

KARNATAKA: AVIATION HUB : Air India commences construction of mega MRO facility in Bengaluru

This will strengthen the Base and Line Maintenance facilities across the network to achieve self-reliance in fleet maintenance

Air India Group has announced the commencement of construction of a mega Maintenance, Repair and Overhaul (MRO) facility, at a groundbreaking ceremony in Bengaluru, reiterating its commitment to building a strong self-reliant aviation ecosystem for India.

The upcoming MRO facility, being built on a 35-acre land parcel at the Bangalore International Airport will become an important hub for Air India group airlines’ aircraft maintenance operations in the region, as the airline modernizes its fleet and expands its global operations.

Earlier this year, Air India had signed a Memorandum of Understanding (MoU) with the Government of Karnataka to establish MRO facilities in Bengaluru. Air India has also signed an agreement with SIA Engineering Company (SIAEC) to be its strategic partner for the development of this MRO facility.

Once completed, the MRO is expected to generate over 1,200 new job opportunities for skilled aviation engineers in India, and support over 200 SMEs in Karnataka through an enhanced supply chain. These new ventures are projected to create further employment opportunities, strengthening the MRO ecosystem in the state. The MRO will also support Air India’s plans to make Bengaluru as one of its key hubs, boosting direct connectivity to global destinations.

The upcoming MRO will feature a mega hangar to accommodate wide body and narrow body aircraft under a single roof for Base Maintenance. The facility’s capacity will be further expanded to include additional hangars for servicing more aircraft, including paint hangar. Equipped with latest aircraft maintenance technology, including overhead tele platforms, cranes, universal docking systems, and the largest vertical lift hangar doors in the country, this MRO facility will be setting a new standard in aviation maintenance at par with any MRO in the world.

The Bengaluru MRO facility, expansion of in-housed Line Maintenance (routine maintenance of aircraft in operation) facilities across the network, and the recently refurbished wide body aircraft hangar in Mumbai, will make Air India more self-reliant in the maintenance of its entire fleet from 2025.

The ground-breaking ceremony was attended by Gunjan Krishna, Commissioner for Industrial Development & Director, Department of Industries & Commerce, Government of Karnataka, Hari Marar, Managing Director and CEO of Bangalore International Airport Limited (BIAL), Chin Yau Seng, CEO, SIA Engineering Company, along with a senior leadership team of India leadership.

Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries & Commerce, Government of Karnataka, said, “It is heartening to see the quick turnaround that Air India has made in starting work for the MRO. This is not only a milestone for Indian aviation, which is growing at a rapid pace, but also for the state of Karnataka, which is taking a lead in the aviation sector with Bengaluru set to emerge as an important global aviation hub in the coming years.”

Campbell Wilson, Chief Executive Officer & Managing Director, Air India, said, “India’s aviation sector is on a growth trajectory and Air India is playing a leading role in this. The Bengaluru MRO facility is coming up at an opportune time to help strengthen India’s aviation ecosystem, while enhancing our in-house capabilities to maintain our fleet. This is a step ahead in our mission to make Air India a world-class airline.”

Hari Marar, Managing Director and CEO of Bangalore International Airport Limited (BIAL), said, “As we work towards developing the Airport into a major aviation hub, this marks an important step towards strengthening the fleet maintenance capabilities and infrastructure offering. This development will not only enhance regional connectivity and drive economic growth but also create valuable opportunities for local talent and businesses, reinforcing Bengaluru’s position as an important player in the aviation ecosystem.”

Air India also plans to build a new wide body hangar in Delhi to cater to Line Maintenance requirements. This will help develop a complete maintenance ecosystem at all major airports. Air India is also ensuring availability of trained type-rated personnel for maintenance function of different type of fleet by obtaining approval for CAR-147 for its training academy.

Besides, Air India plans to open a Basic Maintenance Training Organisation (BMTO) in 2025, in Bengaluru, to ensure continuous inflow of trained personnel for aircraft maintenance and engineering activities. This will create opportunities for engineering students to receive training to become type-rated engineer for certification.

source/content: traveltrendstoday.in (headline edited)

NATIONAL: KARNATAKA: C V Raman’s tablas, explosives used in World War I: Bengaluru’s Sci560 exhibition showcases city’s scientific heritage

Karnataka Science and Technology Minister N S Boseraju inaugurated Sci560 at Science Gallery Bengaluru on August 24.

Science Gallery Bengaluru began an exhibition at its Bellary Road premises to showcase the city’s science history. The exhibition named Sci560, after the city’s PIN code of 560, was inaugurated by Karnataka Science and Technology Minister N S Boseraju. Other prominent guests at the event included Rohini Nilekani and Kiran Mazumdar Shaw, who sit on the Gallery’s board, and Nobel laureate Kailash Satyarthi.

The exhibition spans a broad and varied cross-section of the city’s scientific history. For instance, the nearly two-century-old tradition of brewing is represented by an ongoing fermentation process from Scoby Labs, in the form of a container of kombucha that visitors can taste at different points in its fermentation. A couple of rooms over is a Bangalore torpedo contributed by the Madras Engineer Group. These long explosive devices were developed in World War I to remove battlefield obstructions such as barbed wire fortifications.

Other interesting exhibits are a set of tablas owned by Sir CV Raman, sitting a few feet away from a set of ‘Simputers,’ touch-screen devices developed in the early 2000s that heralded the upcoming smartphone age. Nature lovers will also be glad to see a display titled ‘Wingbeats and Warbles’, matching the sounds of birds to the parts of the city where they are likely to be heard.

According to Gallery director Jahnavi Phalkey, this exhibition is the first one at the Gallery to lean more towards the historical side, with the hope that more additions can be made as it goes on. She said, “There are many people that know far more than we do about science in this city….we have a project called Recollect, where my colleagues will be collecting stories, objects, etc. And at the end of the exhibition, we will have this entire collection of stories, objects and documents that will allow us to present a more comprehensive story of what science is in the city.”

Speaking to the media on the inauguration day, Nilekani said, “We needed some way to bring the city and its institutions close. Even people just coming to Bangalore need to feel like they are part of what is happening. This is about fostering a culture of scientific exploration along with ordinary citizens.”

source/content: indianexpress.com (headline edited)

INTERNATIONAL: NATIONAL / KARNATAKA: Foxconn’s Karnataka facility set to become second-largest after China plant, says CEO Young Liu

Under Project Elephant, Foxconn is setting up an iPhone assembly plant in Karnataka. The company has acquired 300 acres of land in the ITIR industrial area, located in Doddaballapur and Devanahalli Taluk of Bengaluru Rural district. The project, with an investment size of Rs 22,000 crore, is expected to generate employment for more than 50,000 people.

Young Liu, Chairman of the Taiwan-based Hon Hai Technology Group (Foxconn), met Karnataka Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar on August 16.

Young Liu, chairman of the Taiwan-based Hon Hai Technology Group (Foxconn) on August 16 said that the unit in Karnataka will soon become the second-largest Foxconn plant after the one in China.

Taiwanese electronics major Foxconn, a major supplier to Apple, has been expanding its presence in India as tech companies seek to diversify production away from China.

Under Project Elephant, Foxconn is already setting up an iPhone assembly plant in Karnataka. The company has acquired 300 acres of land in the ITIR industrial area, located in Doddaballapur and Devanahalli Taluk of Bengaluru Rural district. The project, with an investment size of Rs 22,000 crore, is expected to generate employment for more than 50,000 people.

“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 .If there is mutual trust, anything can be achieved.” said Liu.

Liu also shared that Foxconn plans to create a comfortable working environment for its employees, providing them with quality entertainment, gym facilities, accommodation, and food. “This would help establish a global standard industrial environment” he said.

Liu met Karnataka Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar on August 16. Siddaramaiah hosted a dinner for Liu and senior Foxconn officials, assuring Liu that all necessary cooperation and assistance would be provided to Foxconn for its operations in the state. Liu is also expected to visit the manufacturing plant in Doddaballapur on August 17.

The CM urged Foxconn to consider investing in other sectors, including the fab industry. He said that Karnataka’s rich industrial culture and values make it an ideal hub for comprehensive industrial development.

“Foxconn, which is investing Rs 25,000 crore to establish a massive manufacturing plant near Doddaballapur, will be provided with all necessary infrastructure and support. The state government will extend full support to Foxconn. We will provide everything from water, electricity, and roads to legal assistance,” the CM said.

Industries minister MB Patil said, “The state welcomes more investment without hesitation. The government departments 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 said, “Karnataka has the best business-friendly policies in the country, and it is heartening to see Foxconn investing here.”

source/content: moneycontrol.com (headline edited)