Committed To Set Up Manufacturing Plant In Telangana, Says Foxconn

Chairman of Foxconn, Young Liu, in a letter addressed to Telangana CM K Chandrasekhar Rao, confirmed the commitment of Foxconn in setting up its plant in Kongar Kalan and sought state's support

Foxconn also plans to invest about $700 million on a new facility in Bengaluru to ramp up local production.

Taiwanese electronics major and Apple Inc’s manufacturing partner Foxconn on Monday said it is committed for setting up a manufacturing facility in Kongara Kalan in Telangana. Chairman of Foxconn Technology Group, Young Liu, in a letter addressed to Telangana Chief Minister K Chandrasekhar Rao, confirmed the commitment of Foxconn in setting up its manufacturing plant in Kongar Kalan and sought the support of state team in operationalising the Kongar Kalan Park as early as possible, citing a release from the CMO PTI reported.

According to the report, this amply clears the doubts as raised in a certain section of the press that, Foxconn company was in a dilemma as to whether to set up the manufacturing facility in Telangana or not.

Liu and his team met Rao, Telangana Ministers, and other senior officials in Hyderabad last week. "As discussed with you (Telangana CM) during our meeting on March 2, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in operationlising the Kongara Kalan park as early as possible," Liu said in the letter.

Liu also invited Rao to Taiwan as his personal guest. "It would be my honour to host you in Taipei. Look forward to meet you soon," Liu said in the letter.

Rao and Liu met in Pragathi Bhavan, on March 2, and it was agreed that Foxconn would set up electronics manufacturing facility in Telangana with employment generation potential for over one lakh people, the CMO release added. 

In an another development, Foxconn plans to invest about $700 million on a new facilBengaluru ity in India to ramp up local production on iPhone parts, citing some sources privy to the development news agency Bloomberg reported. This move, according to the sources, will underscore an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow.

The company plans to build the facility on a 300-acre site close to the airport in Bengaluru.