HYDERABAD: Telangana industries and IT minister KT Rama Rao laid foundation stone for new electronics manufacturing unit of Foxconn Interconnect Technology at Kongara Kalan in Hyderabad on Monday.
The new facility is a promise to continue delivering world-class products to the markets, and a milestone for Foxconn Interconnect Technology’s global expansion strategy – diversifying its global manufacturing base.
The proposed facility will serve as a hub for Foxconn Interconnect Technology’s operations in Telangana, allowing Foxconn Interconnect Technology to expand its production capacity.
Foxconn Interconnect Technology expressed gratitude to the Telangana government. The partnership and collaboration between Telangana government and Foxconn Interconnect Technology in making this project a reality will further embolden Telangana’s growth story as well as Foxconn Interconnect Technology’s growth in India.
Over the last 9 years, Telangana has emerged as one of the most dynamic and forward-looking states and has cemented its position as the most preferred investment destination for high tech manufacturing in India. The proposed investment from Foxconn Interconnect Technology further validates Telangana government’s efforts towards building a conducive ecosystem and enabling infrastructure for supporting the global electronics manufacturing industry.