Wistron to invest Rs 3,000 crore in Kolar iPhone unit

Kolar: An official statement said that Taiwanese industrial major Wistron Technologies would invest Rs 3,000 crore in the Narasupra industrial area in Karnataka’s Kolar.

The announcement from the Chief Minister’s Office said “Respecting the enormous investment, Chief Minister HD Kumarasway advised an expert group from Wistron to submit its proposition for allowing land for the company,”

He prompted the company to set up a mobile repair and technology facility in the Narsapura industrial sector, around 100 km from Bengaluru, it said. 

“Wistron India head Gururaj said the company would set up an I-telephone making unit in the 43 acres of land of land designated to it, with work potential to 10,500 individuals,” said the announcement. 

State Revenue Minister R. V Deshpande said an agreement would be signed in a week with the organization to give employment to local people.