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BENGALURU: Apple Inc’s iPhones will soon be assembled at another site in the southern Indian state of Karnataka and 300 acres have been aside to set up a factory, the state government said on Friday.
Bloomberg News had earlier reported that Apple partner Foxconn Technology Group planned to invest about $700 million in the Karnataka site to ramp up local production.
The state’s investment promotion division said in a tweet that the move would generate 100,000 employment in the next 10 years.