Foxconn invites bids to construct Rs 1,200-crore plant in Karnataka
On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant. The source said the Rs 1,200 crore bid is not for the company's semiconductor joint venture with HCL.
An email sent to Foxconn seeking clarification elicited no immediate response. Image Courtesy: Reuters.