A delegation of Taiwan-based contract manufacturer Foxconn on Tuesday met Telangana Chief Minister Revanth Reddy who assured them the required support for the operations of its manufacturing centre at Kongara Kalan near here.
A press release from the CMO said the state government will also extend all necessary support to upcoming projects which are being undertaken by Foxconn.
Foxconn Group, which will be investing $550 million in Telangana, entered into an agreement with the state government in March this year assuring them to create one lakh jobs by setting up an electronics manufacturing unit. In the first phase, the company will provide 25,000 jobs in the next two years.
The firm held a groundbreaking ceremony in May for the facility to make Apple AirPods.
The proposed electronics manufacturing facility at Kongara Kalan near here is a milestone for the Taiwanese firm's global expansion strategy diversifying its global manufacturing base, a press release had earlier said.
The proposed facility will serve as a hub for Foxconn Interconnect Technology's operations in Telangana, allowing the firm to expand its production capacity, it said.
Foxconn Technology Group chairman Young Liu and his team met then Chief Minister K Chandrasekhar Rao earlier this year.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)