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iPhone Maker Foxconn Buys Land Near Bengaluru Airport
Foxconn, the biggest supplier and maker of Apple iPhone parts, has bought 300 acres of land in Bengaluru, months after signing an MoU with the Karnataka government to invest in the state. In filings with the London Stock Exchange (LSE), Hon Hai Precision Industry informed that its subsidiary Foxconn Hon Hai Technology India Mega Development on May 9 purchased land for approximately Rs 300 crore ($37 million) in the Bengaluru rural district of Karnataka, says a report by Moneycontrol. The land is located in Devanahalli, which is situated near the Kempegowda International