Revanth Reddy meets Foxconn Group’s team
The Chief Minister held a meeting with Foxconn's Hon Hai Precision Industry limited team at BR Ambedkar Secretariat here on Tuesday. The Hon Hai team was led by Wee Lee.
Hyderabad: Asserting that the State Government was committed to facilitate industrial development, Chief Minister A Revanth Reddy said it was the responsibility of the new government to safeguard the people’s aspirations.
The Chief Minister held a meeting with Foxconn’s Hon Hai Precision Industry limited team led by V Lee at BR Ambedkar Secretariat here on Tuesday. Industries Minister D Sridhar Babu and Chief Secretary Santhi Kumari were also present. At the meeting, the Chief Minister and Foxconn India team discussed about Foxconn’s future plans in India and explored potential opportunities between Telangana and Foxconn.
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“Telangana has huge talent pool and availability of skilled workforce to meet the requirements of electronics industry. The State is committed to providing the required infrastructure support to the industry and is keen on collaborating with Foxconn on their future projects in India” Revanth Reddy said.
The Chief Minister assured that Telangana government would take steps for expediting growth of electronics sector in the State. All cooperation would be extended for the manufacturing units at Kongara Kalan, he said.
In addition to extending all cooperation and according permissions for setting up of new industries in a hassle-free manner, the State Government would ensure provision of all amenities as per the industries requirements, he said.
“The State Government will initiate all measures to ensure Telangana leads in industrial development in the country,” Revanth Reddy stated.
V Lee, Foxconn representative in India, expressed his gratitude for continued support from the Government of Telangana for their upcoming manufacturing facility in Kongara Kalan and also mentioned that Foxconn is rapidly expanding in India and aims to further grow its presence in the State.
Telangana is one of the preferred destinations in India for electronics manufacturing. The State’s vibrant R&D ecosystem, availability of skilled workforce and the supply chain ecosystem position the State as a preferred destination to host the global electronics industry.
The Foxconn Group had signed a Memorandum of Understanding with Telangana government for providing employment to one lakh persons through its electronics manufacturing units. Under first phase, the company stated that employment would be offered to 25,000 persons in the next two years.
The company is operating at Sri City, Andhra Pradesh, Sriperumbudur Tamil Nadu, Kongarakalan, Telangana and near Bangalore, Karnataka.
Engagements being pursued with Foxconn
In addition to the Apple Air pods manufacturing unit, the State government is holding discussions with Foxconn for setting up different units. Operations at Foxconn’s Apple Air pods manufacturing unit, Kongara Kalan are likely to commence by May 2024.
Accordingly, Foxconn is seeking clear titled land parcel close to city and international airport at subsidized cost for its Display Fab manufacturing unit. A site has been identified and incentive discussions are under progress. A team from Japan has visited Hyderabad last month to review the land for the project.
This apart, Foxconn is evaluating partners such as HCL for Outsourced Semiconductor Assembly and Test (OSAT) facility. The Telangana government is actively pursuing the project and already HCL team was hosted and discussions are underway.
Similarly, discussions are under progress for the semiconductor fab. Regarding electric vehicle manufacturing, the State government is discussing the matter with Foxconn. On its part, the company is evaluating partners like MEIL, JSW and others from India.
In addition to these, the Telangana government is keenly following about notebook manufacturing facility with the company. Further, efforts are being made to host the components manufacturing facility (Ecosystem partners of Foxconn for which the company would support Telangana)
