Minister KTR pitches Telangana to Foxconn
Hyderabad: Telangana’s Industries Minister K T Rama Rao satisfied Young Liu, Chairman of Foxconn today inNew Delhi
Taiwan- based Hon Hai Technology Group (Foxconn) (TWSE: 2317) is just one of the leading electronic devices making solutions (EMS) carrier internationally as well as is just one of the biggest vendors for numerous top-tier global consumers. Foxconn has making systems in Tamil Nadu as well asAndhra Pradesh In 2021, Hon Hai’s yearly profits got to USD 206 billion globally. The business rated 22nd on the Fortune Global 500 in 2021.
During the communication, Minister as well as Young Liu gone over Foxconn’s strategies of broadening its impact inIndia Minister KTR additionally seized the day to pitch Telangana to the authorities from Foxconn firm existing throughout the conference for possible financial investment possibilities.
KTR additionally informed Young Liu on the efforts embarked on by State Government in the direction of developing a making it possible for setting as well as framework for promoting electronic devices making inTelangana Young Liu delighted in to keep in mind the development made by the State in the last 08 years.
Chairman Liu talked about the business’s future strategies as well as stated, “India is an attractive manufacturing destination, and we would like to see how we can expand our manufacturing footprint. Our India experience has been exciting, and we look forward to exploring the opportunities that Telangana as a state offers.”
Minister KTR 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.”
Telangana has actually become a favored financial investment location for financial investments in the electronic devices field as well as shows off a dynamic R&D as well as advancement environment. The State is furnished with durable commercial framework as well as is well-positioned to fulfill the demands of international majors.
Principal Secretary ITE&C, I&C Jayesh Ranjan as well as Director Electronics Sujai Karampuri were additionally existing throughout the conference.