The process of giving land to Apple Inc. supplier and Taiwanese electronics manufacturing giant Foxconn for its mobile device manufacturing plant nearby is in "final stages," according to M. B. Patil, the minister of large and medium industries for the state of Karnataka.

"Foxconn is coming up in about 300 acres. The process relating to handing over land is in the final stages. There were some issues, so I have personally held meetings four times in this regard, as we did not want to lose the project. Foxconn, which manufactures Apple phones, is very prestigious for us," Patil said.

"Foxconn will invest USD 1 billion, which is Rs 8,400 crore, and will create 50,000 employment in the first phase", the minister said in the Legislative Assembly responding to a question raised by Doddaballapura BJP MLA Dheeraj Muniraju during question hour.

The Karnataka government in March, through its state high-level clearance committee (SHLCC), had cleared the investment proposal by Foxconn.