Taiwanese company to invest Rs 300 crore in Telangana

Taiwanese company to invest Rs 300 crore in Telangana
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Taiwan-based Sera Networks is joining hands with Hyderabad’s Resolute Appliances to set up a modern electronics manufacturing unit in Kongarakalan E-City. The project will involve an investment of ₹300 crore.

The agreement was finalized during a visit to Taiwan by Telangana government officials. This visit was directed by Telangana’s IT & Industries Minister, Duddilla Sridhar Babu. A delegation, led by TGIC Managing Director Vishnuvardhan Reddy, played a crucial role in signing the Memorandum of Understanding (MoU) with Sera Networks.

The new facility will focus on producing advanced data center switches, 5G technology equipment, and other high-tech electronic components. The Telangana government has allocated 10 acres of land in E-City for this project.

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This initiative is expected to generate 2,000 jobs, boosting employment opportunities in the region. It will also strengthen Telangana’s position as a major center for networking and telecom innovation. With this investment, the state is set to make a bigger impact on the global electronics manufacturing industry.

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