IT and Industries Minister Shri KTR broke ground for Foxconn Interconnect Technology’s electronics manufacturing facility at Kongara Kalan, Rangareddy in the presence of the company’s Chairman and CEO, Sidney Lu.
With an investment of over $500M, the facility will create 25,000 direct jobs in the first phase.
“I am sincerely thankful to the entire Foxconn Group for its wonderful decision to set up Foxconn Interconnect Technology’s unit in Telangana. Also, I am delighted to mention that we signed the MoU on 2nd March 2023, and in about just two and a half months, we are here today at the ground-breaking ceremony. The Government of Telangana understands why we need to work at high speed. The Chairman of Foxconn Group, Mr. Young Liu, called it Telangana Speed. We shall live up to that reputation.” Minister Shri KTR.
IT and Industries Minister Shri KTR assured team Foxconn Interconnect Technology of the best possible support from the Telangana Government as they move on to the project execution stage.