Foxconn committed to set up plant in Telangana, CEO tells CM

Foxconn Chairman Young Liu, who was in Hyderabad final week, has written a letter to Telangana Chief Minister Ok. Chandrasekhar Rao, saying that the Taiwanese contract manufacturing large is committed to setting up the plant in the state.

“As mentioned with you throughout our assembly on March 2, Foxconn is committed to setting up a producing facility in Kongara Kalan and I search the help of your workforce in operationalising the Kongara Kalan Park as early as potential,” Liu wrote in his letter.

The state authorities has reportedly provided 200 acres of land to Foxconn to set up the plant at Kongara Kalan, about 35 km from Hyderabad. Liu additionally invited KCR, because the Chief Minister is popularly identified, to go to Taiwan as his private visitor. The copy of the letter dated March 6 was launched by the Chief Minister’s Office (CMO).

This comes amid stories that Foxconn has deniedcoming into into any binding, definitive agreements for brand new India funding throughout its chairman’s latest journey.

“To all of the naysayers: Stuff prevails,” tweeted Telangana’s director of electronics Sujai Karampuri, who posted the letter by Young Liu to the chief minister.

The Foxconn chairman thanked KCR for the hospitality prolonged to him and his workforce throughout their go to to Hyderabad.

“I additionally want to thanks in your heat birthday needs and a personalised card. I used to be certainly impressed by your imaginative and prescient and the efforts in direction of transformation and improvement of Telangana. I now have a brand new buddy in India and I look ahead to working with you in future,” he mentioned.

Foxconn plant in Telangana

Liu had visited Hyderabad on March 2. He known as on KCR and in the course of the assembly a Memorandum of Understanding (MoU) was signed.

The Telangana authorities had introduced that Foxconn will set up a producing facility with employment era potential for over one lakh individuals.

The historic deal has potential to generate employment to over one lakh individuals over a interval of 10 years, the CMO had mentioned.

“Foxconn’s unit will assist in producing giant scale employment to youth and can assist in attracting extra such industries to the State,” KCR had mentioned.

He mentioned that Telangana considers Taiwan as a pure companion and that the state is glad to be part of Foxconn’s progress story.

KCR assured Liu that the state authorities will present every kind of help to Foxconn for its operations in the state.

The CMO had quoted Foxconn chairman as saying that his group has studied extensively in regards to the state of Telangana. He praised the pleasant industrial improvement ecosystem created in the state.

Liu expressed happiness over the progress achieved by the state in the economic sector, particularly in IT and associated electronics sectors, in simply eight years.

The chairman mentioned that he’s optimistic in regards to the investments of his firm in Telangana.

(With inputs from company)