Rs 900 Crore To Be Invested By Wistron In Karnataka Facility
Taiwanese contract manufacturer, Wistron Corporation known for making iPhones for Apple in India has decided to invest Rs 900 crore at its facility in Narasapura, which is about 70 km from Bengaluru in Karnataka. This investment would be over and above the Rs 1,947 crore, which the company had announced in 2019. The company has scaled up its investment in order to expand its range of manufacturing beyond smartphones to the Internet of Things (IoT) products and biotech devices.
The company has received the government’s nod along with a slew of incentives and concessions. The state had allocated 43 acres of land for the project. The investment by the company is expected to generate 8,000 job opportunities. The company revised its early plan (which includes setting up a unit to manufacture smartphones, IoT products, and biotech devices at Narasapur in Kolar district) and increased its investments to Rs 1,947 crore from its earlier target of Rs 682 crore.