Apple iPhones to be assembled at new plant in India’s Karnataka state

BENGALURU, March 3 (Reuters) – Apple Inc’s (AAPL.O) iPhones will soon be assembled at another site in the southern Indian state of Karnataka and 300 acres have been aside to set up a factory, the state government said on Friday. Bloomberg News had earlier reported that Apple partner Foxconn Technology Group planned to invest about $700 million in the Karnataka site to ramp up local production. The state’s investment promotion division said in a tweet that the move would generate 100,000 employment in the next 10 years. loading Apple and Foxconn did not immediately respond to Reuters’ requests for comment…