Apple supplier Foxconn will invest an undisclosed sum in India’s southern state of Telangana towards an electronics manufacturing facility in the south Indian state, the state’s chief minister said on Thursday.
According to Telangana’s IT minister KT Rama Rao, the investment will generate 100,000 jobs in the state. The announcement came after a meeting between Telangana’s chief minister and Foxconn’s chairman earlier in the day.
Foxconn, based in Taiwan, already operates in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies like Apple Inc. and Amazon.com Inc.
“The state government is on a mission to transform Telangana for better and has undertaken several marquee projects to realise vision of ‘Bangaru Telangana’. Foxconn’s unit will help in generating large scale employment to youth and will help in attracting more such industries to the State,” said Telangana CM.