Wistron & Karnataka Govt Signed MoU to Establish Laptop Manufacturing Unit Near Bengaluru

Current Context: The Karnataka government and Wistron, a Taiwanese contract manufacturer, have indeed signed a Memorandum of Understanding (MoU) to establish a laptop manufacturing unit near Bengaluru on 31st January 2024 in Bengaluru, Karnataka.

• Investment: Wistron has committed to an investment of Rs.1,500 crore in this project.
• Job Creation: The new facility is expected to create around 3,000 jobs.
• Manufacturing: The company plans to commence operations this year and it will start manufacturing laptops by 2026.
• Production: The unit will also produce IoT components and EV-related parts.
• Innovation: This move is not just about the production of electronics, it is also about fostering innovation.
• Leadership: It aims to position Karnataka as a leader in the electronics manufacturing industry.

Question:

Q.1 What is the committed investment by Wistron in this project?
a. Rs.1,000 crore
b. Rs.1,500 crore
c. Rs.2,000 crore
d. Rs.2,500 crore