Edited By: Mohammad Haris
Last Updated: March 06, 2023, 15:38 IST
Telangana Chief Minister Okay Chandrasekhar Rao (left) and Foxconn Technology Group chairman Young Liu met final week.
Foxconn Chairman Young Liu confirms the corporate’s dedication of establishing the manufacturing facility in Kongara Kalan
Taiwan-based expertise group Foxconn, additionally recognized by its official title Hon Hai Precision Industry Co Ltd, on Monday stated it’s establishing a producing unit in Hyderabad, Telangana. The facility will come up at Kongara Kalan.
In a letter to Telangana Chief Minister Okay Chandrasekhar Rao on Monday, Foxconn Chairman Young Liu stated the corporate is establishing a producing facility at Kongara Kalan. He has additionally sought the assist of the Telangana group in operationalising the Kongar Kalan Park as early as attainable.
Referring to discussions with KCR throughout his assembly on March 2, 2023, Liu conveyed his honest gratitude for the hospitality prolonged to him and his group throughout their go to to Hyderabad.
The Foxconn chairman, describing the go to, stated that they’d an exquisite time throughout their keep in Hyderabad, Telangana. He was impressed with the hospitality prolonged by KCR and thanked him for his heat birthday needs and personalised card.
Young Liu stated, “I used to be certainly impressed by your imaginative and prescient and the efforts in the direction of transformation and improvement of Telangana. I now have a brand new buddy in India and I sit up for working with you in future.”
Concluding the letter, he wrote that he looks forward to meeting KCR soon. Chairman Young Liu extended an invitation to the chief minister of Taiwan as his personal guest mentioning that it would be his honour to host KCR in Taipei.
During the meeting of Liu and KCR on March 2 at Pragathi Bhavan, it was agreed that Foxconn would set up an electronics manufacturing facility in Telangana with employment generation potential for over one lakh people.
KCR emphasised that Telangana considers Taiwan as a natural partner and that the state is glad to be a part of Foxconn’s growth story.
The occasion was utilised by the chief minister and Young Liu to discuss the importance of diversifying electronics manufacturing for a resilient supply chain and the pivotal role to be played by the state governments.
The chief minister said the government has been successful in implementing a new industrial policy and attracted huge investment in Telangana. He added that Foxconn’s huge investment and the opportunity to create more than one lakh jobs like never before in Telangana state is commendable.
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