CM Visits Foxconn’s Upcoming Project
Telangana Chief Minister A Revanth Reddy visited the upcoming project of Taiwanese electronics giant Foxconn on Monday and pledged the government’s full support for its timely completion.
Meeting with Foxconn Representatives
Accompanied by IT and Industry Minister D Sridhar Babu, Reddy met with Foxconn representatives to discuss the project’s progress. CEO and chairman of Foxconn Interconnect Technology, Sydney Lu, joined the meeting via video conference.
Addressing Operational Issues
During the meeting, operational issues were raised and addressed by the CM, who instructed officials to resolve them promptly.
Encouraging Further Investments
The chief minister and the industries minister encouraged Foxconn to consider further investments in Telangana.
Foxconn’s Investment and Job Creation
Foxconn Group, which has committed to investing USD 550 million in Telangana, entered into an agreement with the state government in March 2023. The company aims to create one lakh jobs by setting up an electronics manufacturing unit. A groundbreaking ceremony for the facility has already taken place.
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