Happy News For Youths!!! Massive Job Opportunities Will Be Created: Every state government has taken measures to improve their employment status by signing MoU with top overseers companies. Recently, Foxconn (Hon Hai Technology India Mega Development Private Limited) has planned to set up a mobile manufacturing unit in Karnataka by investing Rs. 8000 crores. According to the report, this initiation will create around 50,000 job opportunities for youngsters.
This decision was made in the meeting in the presence of Karnataka state CM Mr.BasavarajBommai along with the delegates led by Foxconn CEO and Chairman Mr. Young Liu. MoU regarding this has been signed earlier; now the investment amount only got finalized. Foxconn planned to set up this unit at Doddaballapur in DevanahalliTaluk near Bangalore International airport.
Along with this project, the State High-Level Clearance Committee (SHLCC) has approved 18 projects. Among the 18 projects, 10 are new and 5 are an expansion of existing projects, and 3 are additional projects said the Industries department. According to the report, these projects will create a huge number of the job opening in the upcoming years.