Apple iPhone will be made in Telangana in India. Image Credit source: File Photo
Before the Karnataka elections, there was talk that Apple iPhone supplier Foxconn could set up its plant in the state. Basavaraj Bommai, who was then the Chief Minister of the state, had also announced this by tweeting. Well the matter has come and gone. But this time the news is confirmed that Foxconn will set up its new plant in Telangana.
Telangana Minister K.T. Rama Rao informed on Monday that a Foxconn plant would be set up near Hyderabad in Telangana. It will be installed at Kongar Kalan in Rangareddy district.
4000 crore investment, thousands of jobs
According to KT Rama Rao’s tweet, Foxconn will invest $500 million (about Rs 4,000 crore) in Telangana. This will generate direct jobs for 25,000 people in the state in the first phase. Chief Minister of Telangana K. An agreement regarding this was signed between Foxconn and the Telangana government in the presence of Chandrasekhar Rao.
Demonstrating the Telangana Speed, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today
With an investment of over $500M it shall create 25,000 direct jobs in first phase #Telangana #foxconn pic.twitter.com/PHThJWxsfT
— KTR (@KTRBRS) May 15, 2023
KT Rama Rao is the Minister of Information Technology, Electronics and Communication of Telangana. He also holds the charge of the Ministry of Urban Development, Industry and Commerce. KT Rama Rao is the son of the Chief Minister of the state.
On this occasion, Foxconn says that it will continue to deliver world class products to the world from this plant as well.
Largest company to make iPhone
Foxconn is headquartered in Taipei, Taiwan. This is the world’s largest company making Apple iPhone. Although most of its plants are in China. At the same time, America’s Apple Inc. is trying to reduce its dependence on China for manufacturing after COVID-19. In this way India has become its first choice, India is also a growing market for Apple.
Recently Apple CEO Tim Cook came on a visit to India. He started two Apple stores here, one in BKC, Mumbai and the other in Saket, Delhi.