Foxconn, an electronics contract manufacturer based in China and Taiwan, will set up a manufacturing facility in Telangana with a potential to generate one lakh jobs over the next 10 years. Young Liu, Chairman of Hon Hai Technology Group, has met Telangana Chief Minister K Chandrashekar Rao in Hyderabad on Thursday to discuss the company’s plans to set up the unit. Earlier in the day, the Foxconn team visited two sites — Kongar Kalan and Dundigal — to locate the factory. It, however, has not decided on the location yet. There is no clarity on the quantum of investments that it might put in for operations in Telangana.
“The State government has signed an agreement with Foxconn in this regard. The move would help create one lakh jobs in the State,” an official of the Chief Minister’s Office said.
The Chief Minister, IT Minister KT Rama Rao, and Finance and Health Minister T Harish Rao have greeted Liu on his birthday.
The Chief Minister assured Liu that the State government would extend all help to Foxconn to roll out its operations in the State. Later in the day, Young Liu inaugurated T-Works, a maker’s lab promoted by the State Government at the IT hub of Raidurgh. The facility will help start-ups, SMEs, entrepreneurs and students to translate their ideas into products.