The report said that ever since the project of Foxconn has been set up on the outskirts of Bangalore, the city has developed rapidly. Apart from this, many other companies have also come here due to this site made on 300 acres. Foxconn alone has invested two and a half billion dollars here. An interesting fact is also kept in the report that there is a need to create 1 crore new jobs every year due to the fast growing population in India. Manufacturing and service sectors already have less than necessary jobs in India. In such a situation, people are available on low salary and allowances in India.
This is not the case in America. This is the reason why the company would like to make an iPhone in India instead of America. Foxconn is working to assemble an iPhone for Apple in India and it is the responsibility of this in the whole world. Actually, before the Corona period, the iPhone was largely built in China. Then Corona came and the supply chain was affected and Apple moved to India with the aim of not maintaining dependence on any one country. According to the report of Counterpoint Research, till the beginning of this year, 18 percent of the worldwide iPhones were being made in India.
Not only this, by the end of this year, about 30 percent iPhones will be made in India. By then, the Foxconn plant in Devanhalli will be completely operational, which is currently on. Right now 8 thousand people work here and when the company is fully ready, this number will be 40 thousand. The New York Times report says that it is easy for the plant to get land in India and people are also getting easily for the job. Not only this, many Taiwanese, American and South Korean companies have also set up plants near Foxconn, which sell them parts.
How the picture of Devanhalli changed from a factory
Devanhalli is an example of how a company can change the entire picture of an area. Till two-three years ago, this area was completely deserted. Outsiders did not come here, on the contrary, locals had to go to many cities including Bengaluru for employment. Now the situation has changed completely. Foxconn has set up a 300 -acre plant to make an iPhone here. Some more companies are buying land. After this announcement, the renowned real estate and multinational firm of the country and the world has reached Devnhali. The situation is such that the prices of land here have increased by more than 400 percent. Work is going on on 57 mega projects of apartments, villas and plots. 12 companies, many international educational institutions, schools and hospitals have started working.
