Apple supplier Foxconn will invest an undisclosed amount for an electronics manufacturing facility in India’s southern state of Telangana, the state’s chief minister said on Thursday.
Telangana IT Minister KT Rama Rao said this investment will create 100,000 jobs in the state. The announcement was made after a meeting between the Chief Minister of Telangana and the Chairman of Foxconn earlier in the day.
Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it makes products for companies like Apple and Amazon.com.
Earlier last month it was reported that India’s southern state of Karnataka was also in serious talks with Taiwan’s Foxconn on investment plans, Chief Minister Basavaraj Bommai confirmed, potentially making it the third state in India to host Foxconn. Is being established as.
“We are in serious discussion with Honorable High Technology Group (Foxconn) on investment plans at their Taiwan headquarters and look forward to a fruitful cooperation,” Bommai said in a tweet. “We are committed to welcoming the best companies to the state and rewarding our people.”
The state investment promotion arm also tweeted that representatives held a meeting at the company’s Taiwan headquarters to discuss the investment, without giving further details.
Foxconn is said to be the world’s largest electronics manufacturer. As of last year, it ranked 20th in the Fortune Global 500.
Foxconn has 173 campuses and offices in 24 countries or regions around the world.
The company’s primary product segments include smart consumer electronics (smartphones, TVs, game consoles, among others), cloud and networking products (servers, communications networks), computing products (computers, tablets) and components and others (connectors, mechanical parts). Are included. , services).
Meanwhile, a senior state government official said the joint venture between Indian conglomerate Vedanta and electronics manufacturing giant Foxconn had in February finalized the Dholera Special Investment Zone near Gujarat’s Ahmedabad city to set up a semiconductor and display manufacturing facility .
