Sunday, June 15, 2025
More
    HomeTelanganaTelangana Secures USD 400 Million Investment from Foxconn

    Telangana Secures USD 400 Million Investment from Foxconn

    Related stories

    Narayana students achieve top ranks in NEET 2025

    Hyderabad: Students from Narayana Educational Institutions performed exceptionally well...

    Lok Adalat resolves over 24,000 cases in one day

    A significant event took place in Mahabubnagar where 24,713...

    Government aims to make Hyderabad a global film city CM

    Hyderabad: Chief Minister Revanth Reddy promised full support to...

    Veena Chari earns Ph.D. in Physics from Osmania University

    V. Veena Chari from Aiza town in Jogulamba Gadwal...
    -Advertisement-

    Foxconn, the Taiwan-based contract manufacturer and Apple’s biggest supplier, has approved an investment of USD 400 million in Telangana. This investment proposal is in addition to the previously committed USD 150 million. The total investment of USD 550 million will create 25,000 direct jobs in the first phase.

    The investment was announced by Foxconn’s India representative, V Lee, on social media. Telangana Minister for IT and Industries, K T Rama Rao, responded to the announcement and expressed his excitement about the fresh investment. He also mentioned that the friendship between Telangana and Foxconn remains strong.

    - Advertisement -

    Earlier this year, Foxconn laid the foundation for a new electronics manufacturing facility in Telangana. This facility, located at Kongara Kalan, will serve as a hub for Foxconn’s operations in the state and allow for expansion of production capacity. The new facility is part of Foxconn’s global expansion strategy to diversify its manufacturing base.

    Also read:  Heavy rains expected until May 31

    Foxconn’s chairman, Young Liu, along with senior officials of the company, had previously met with Telangana Chief Minister K Chandrasekhar Rao to discuss the investment plans.

    - Advertisement -

    Overall, this investment by Foxconn is expected to boost the economy of Telangana and create job opportunities for thousands of people in the state.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here