Synopsis: Devanahalli, which is just 40km north of Bengaluru, is solidifying itself as India’s largest electronic manufacturing cluster, with investment commitments worth over ₹25,000 crore, projected direct jobs of more than 90,000, and Apple’s complete India iPhone export engine.
Devanahalli has gone from an “out-of-town’ suburb serving the airport into the most capital-heavy industrial corridor in India. This change is driven by Foxconn’s Project Elephant that is worth approx. ₹21,911 crore, the 1.4 million sq ft plant by Tata Electronics Wistron, Boeing’s largest campus outside the US, and SAP’s €194 million global R&D facility, making Devanahalli an electronic powerhouse in just under three years.
1. Project Elephant by Foxconn
Foxconn’s “Project Elephant” is a 13 million sq ft site and is spread over 300 acres within the KIADB Industrial Area in Devanahalli. The $2.5 billion facility is set to be Foxconn’s 2nd largest factory outside China, with the company targeting 30 million iPhones annually in India.
The plant targets employment of approx. 50,000 by 2026, with women making up 80% of the shop-floor workforce, each receiving six weeks of pre-deployment training. The factory already accounts for over 80% of iPhone production destined for export, placing Karnataka firmly inside Apple’s global supply chain.
2. Wistron by Tata Electronics
The phase 2 of the multi-brand laptop plant by Wistron, at Devanahalli Aerospace Park, is nearing its completion. This was an approx. ₹1,500 crore investment spread across 10 acres, and 3,000 jobs with recruitments is still ongoing. An industry 4.0 robotic system with installation underway. The commercial operations are expected to start from late 2026.
3. Project Cheetah by Foxconn
Project Cheetah is another manufacturing and assembly plant with mechanical components for the electric vehicle that Foxconn is developing in the Bengaluru Rural district, with the aim to position India as the third global hub for EV contract manufacturing which could supply between approx. 5 lakh to 7 lakh EV vehicles annually. The Karnataka unit would soon become Foxconn’s second-largest plant after China, with the company planning to explore additional sectors beyond smartphones and EVs, assured by Foxconn Chairman Young Liu in 2024, according to various news articles.
4. Aerospace, Tech, and Beyond- The Broader Ecosystem
The KIADB Aerospace SEZ, located approximately 11 km from Devanahalli, has drawn Eaton Industrial Products, Collins Aerospace, Centum Electronics, and Boeing, attracting over ₹13,000 crore in investments. Boeing’s India Engineering and Technology Centre, spans 43 acres and represents a ₹1,600 crore investment which is focused on aircraft design and defence technology.
SAP Labs India opened its Innovation Park in Devanahalli in August 2025 with a €194 million which is approx. $210 million investment. The 41 acre campus currently houses around 3,200 employees, with total capacity capped at 15,000 by Q3 2028 hence, making it SAP’s largest office in India and one of its biggest globally.
5. PLI Tailwinds and India’s Export Record
Cumulative iPhone exports from India crossed approx. $50 billion since the commencement of the PLI scheme in December 2025. Apple now operates 5 assembly plants in India, 3 run by Tata Group entities and 2 by Foxconn and supported by a supply chain of approximately 45 companies, including MSMEs. Apple’s iPhone exports from India crossed ₹2 trillion which is $23 billion in 2025, a 85% increase from 2024.
All in all
These infrastructural developments further determine how Devanahalli’s can translate into India’s most self-sufficient electronics cluster. The current average property price is approx. ₹9,500 per sq ft, and the price appreciation in 1 year is 11.8%, in 3 years is 57%, and 5 years is 72.7%. The rental yield of this area ranges from 3% to 4%.
