Foxconn to invest USD 500 million in Telangana, sets up new manufacturing cluster
Hyderabad, May 15 (PTI) Electronics major Foxconn Interconnect Technology on Monday laid the foundation for a new electronics manufacturing facility in Telangana as part of its USD 500 million investment in the state.
The foundation laying ceremony took place in the presence of Telangana Minister for Industries and Commerce K T Rama Rao, Foxconn Interconnect Technology Chairman and CEO Sidney Lu and other dignitaries, a press release from the state government said.
The proposed electronics manufacturing facility at Kongara Kalan near here is a milestone for the Taiwanese firm's global expansion strategy – diversifying its global manufacturing base, it said.
