Government is committed to the industrial development of the state: CM
Government is committed to the industrial deve ...
Hon’ble Chief Minister Sri A. Revanth Reddy said that the Government is committed to the industrial development of the state. A delegation led by Foxconn’s Hon Hai Precision Industry Company Limited representative Mr Lee met the Chief Minister at Dr. B. R. Ambedkar Telangana State Secretariat today. State IT and Industry Sri Sridhar Babu, Chief Secretary Smt. Santhi Kumari and others also participated in the meeting.
Speaking on the occasion, CM Sri Revanth Reddy said that the newly formed state government has the responsibility to safeguard the aspirations of the people. The government adopted a friendly approach with all communities. On the same lines, the government will also extend full support and cooperation to industrialists. The Chief Minister said that required infrastructure will be provided to promote industrial development besides granting permissions liberally. CM Sri Revanth told the delegation all necessary steps will be taken to promote Telangana as the leader in industrial development in the country.
Hon’ble CM Sri Revanth Reddy’s speech points during the meeting with Foxconn delegation:
• State Government will expedite the development of Electronics Industry in Telangana
• Government will provide required support for the operations of Foxconn Manufacturing Center at Kongara Kalan.
• State will also extend all necessary support to upcoming projects which are being undertaken by the Foxconn company.
Brief details about Foxconn Group:
• Foxconn Group entered an agreement with Telangana Government in March 2023.
• Foxconn is manufacturing Apple iPhones.
• Foxconn’s big customers are – Google, Xiaomi, Amazon, Hewlett Packard, HUAWEI, Alibaba Group, CISCO, Dell, Facebook, Nintendo, Sony, Microsoft, SEGA, Nokia.
• Foxconn is operating from 24 countries which includes China, Vietnam, Thailand, Malaysia, America, Europe and India. The company is operating in Sri City (Andhra Pradesh), Sriperumbudur (Tamil Nadu), Telangana (Kongarakalan) and Karnataka (Near Bangalore).
• Foxconn signed a Memorandum of Understanding (MoU) with Telangana government assuring to create one lakh jobs by setting up electronics manufacturing unit.
• In the first phase, the company will provide 25,000 jobs in the next two years.
