:
Telangana IT and Industries Minister KT Rama Rao has asked Taiwanese electronics manufacturing major Foxconn to consider locating its proposed manufacturing facility for electric vehicles in the State.
The Minister met Foxconn Chairman, Young Liu, in New Delhi on Thursday and pitched for the company’s investments in the State.
“Foxconn is one of the biggest employers globally in the domain of electronics manufacturing. We are excited about their decision to venture into EV manufacturing too. I assure the company of the best support possible from Telangana and invited the team to explore the State ” he said.
“Our India experience has been exciting, and we look forward to explore the opportunities that Telangana offers,” Liu said during the meeting.
The Taiwanese company, with annual revenues of $206 billion, has manufacturing units in Tamil Nadu and Andhra Pradesh.
During the interaction, Rama Rao and Young Liu discussed Foxconn’s plans of expanding its footprint in India.
Published on
June 23, 2022
