Foxconn to set up manufacturing unit in Telangana's Kongara Kalan Park
15 March 2023
Taiwanese technology group Foxconn Technologies has confirmed plans to set up an electronics manufacturing unit in Telengana. The facility will come up at Kongara Kalan park in Telangan.
Foxconn Technology Group chairman Young Liu has reiterated his company’s commitment to set up a manufacturing facility and sought the state government’s support in early operationalisation of the plant.
Following his meeting with Prime Minister Narendra Modi, Young Liu had an extensive meeting with the state chief minister K Chandrashekhar Rao during his visit to Hyderabad to inaugurate the T Works facility. He announced that Foxconn would be setting up a manufacturing facility at Kongara Kalan Park, which would provide one lakh jobs.
After his return to Taiwan, Young Liu wrote a letter to the Chief Minister Chandrashekhar Rao appreciating the efforts of the BRS government for development of Telangana.
Liu thanked Chandrashekhar Rao for the hospitality extended and said he was inspired by the vision of KCR and the latter’s efforts “towards transformation and development of Telangana. I now have a new friend in India and I look forward to working with you in future”.
The Foxconn chairman also invited KCR to Taiwan as his personal guest and said it would be an honour to host KCR in Taipei.
Foxconn was to set up a plant in Karnataka to manufacture Apple phones, according to union minister of state for IT Rajeev Chandrasekhar. Foxconn, however, did not confirm any such plans.
India, which this year is due to overtake China as the world’s most populous country, was a promising market that Foxconn could no longer ignore, but that big gaps remained in the investment environment between India and China.
“Being able to run production with two 12-hour shifts around the clock would be a big step to bring us closer to where we need to be,” the person said.
Prime Minister Narendra Modi’s government is trying to promote manufacturing, which still plays a modest role in India’s service-heavy economy, under a “Make in India” push.
Both the central government and states are offering incentives to investors in electronics and other sectors in a bid to lure manufacturers seeking to diversify away from China.
Foxconn, which currently makes iPhones at a plant in Tamil Nadu, has spoken of expanding its operations in Karnataka and the neighbouring state of Telangana, but has not spelt out in detail its plans to manufacture for Apple.
Apple also has its iPhones assembled in India at plants operated by rival Taiwanese contract manufacturers Pegatron and Wistron.