Foxconn commits to setting up new electronics manufacturing factory in Telangana, India


Foxconn, the Taiwanese electronics conglomerate, will build a manufacturing plant in Telangana, potentially employing over 1,00,000 people.

In an official statement, Foxconn, who are the OEM or original equipment maker for various electronics and mobile components for Apple and a bunch of other tech businesses, said that the new factory will generate approximately one lakh jobs, and contribute to direct and secondary employment for the people of Telangana.

This development comes as Foxconn increasingly distances itself from China and tries to pivot its production facilities away from China. The statement was made following a discussion between Foxconn Chairman Young Liu and Telangana Chief Minister K Chandrasekhar Rao.

Earlier this week, Liu, who is on a visit to India, conferred with Prime Minister Narendra Modi.

The state administration and Foxconn did not reveal the amount of funding or the products that would be manufactured in the state.

PM Modi’s Make in India initiative and several other financial benefits, some of which have been set up by states, have prompted Apple vendors Foxconn, Wistron Corporation, and Pegatron Corporation to not only set up their operations in India but also expand beyond what they had initially planned

Foxconn, in particular, is seeking to expand outside of China, where a Covid-19 flare-up disrupted its largest iPhone factory. In addition, the business is quickly expanding into higher-margin goods like electric cars and their components.

Read all the Latest NewsTrending NewsCricket NewsBollywood News,
India News and Entertainment News here. Follow us on FacebookTwitter and Instagram

Also Read



Article,4,ASE News,2,Business,23,codecanyon,3,DPR,1,Education / Employment,1,Entertainment,10,IANS – The Siasat Daily,3,India news,4194,Latest news,1,Madhy Pradesh,465,main,19,National,162,News,1,PTI – The Siasat Daily,3,Sports,11,World,22,World News,1958,
Foxconn commits to setting up new electronics manufacturing factory in Telangana, India
Foxconn commits to setting up new electronics manufacturing factory in Telangana, India
ASE News
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content