- Property prices around Foxconn’s upcoming factory have risen by 35% since the company’s entry.
- Developers predict an influx of tens of thousands of workers, driven by the iPhone factory and Project Cheetah — a Foxconn electric vehicle component factory, under construction nearby.
- While many farmers have come around, some continue to hold out, protesting the wider industrial push in the area and demanding higher compensation for their land.
Devanahalli, located on the outskirts of India’s tech hub, Bengaluru, is home to Foxconn’s “Project Elephant,” a 13-million-square-foot site, roughly the size of 220 football fields. The $2.5 billion facility is set to be Foxconn’s second-largest factory outside China and create 40,000 jobs. The factory is part of Foxconn’s broader effort to diversify supply chains amid the U.S.-China trade war. The company plans to double its iPhone production in India to up to 30 million units.
