KTR woos Foxconn, guarantees all assistance
Hyderabad: IT Minister K T Rama Rao on Thursday ensured the Foxconn chairman Young Liu finest assistance feasible from the government and also welcomed the firm group to discover theState The Taiwan- based Hon Hai Technology Group (Foxconn) is just one of the leading electronic devices making solutions (EMS) companies internationally.
It is just one of the biggest vendors for several leading tier worldwide consumers. Foxconn has making devices in Tamil Nadu and alsoAndhra Pradesh In 2021, Hon Hai’s yearly income got to $United States 206 billion globally. The firm was rated 22nd on the Fortune Global 500 in 2021.
During the communication, KTR and also Young Liu reviewed Foxconn strategies of broadening its impact inIndia The Minister likewise seized the day to pitch Telangana to authorities from Foxconn company for possible financial investment chances.
He oriented Young Liu on the campaigns carried out by government in the direction of producing a making it possible for setting and also facilities for promoting electronic devices making inTelangana Young Liu delighted in to keep in mind the development made by the State in the last 8 years.
Liu talked about the firm’s future strategies and also stated, “India is an attractive manufacturing destination; we would like to see how we can expand our manufacturing footprint. Our India experience has been exciting; we look forward to exploring the opportunities that Telangana offers.”
Rao stated “Foxconn is one of the biggest employers globally in the domain of electronics manufacturing. We are excited about their decision to venture into EV manufacturing too.
I assure the company of the best support possible from Telangana and invite the team to explore Telangana.” He stated Telangana has actually become a recommended financial investment location in the electronic devices industry and also possesses a lively R&D and also technology community. The State is furnished with durable commercial facilities and also is well placed to satisfy the needs of international majors.