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Telangana: Govt committed to industrial development in the state: CM Revanth Reddy

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CM Shri Revanth Reddy made it clear that his government is committed to industrial development in Telangana state. A delegation led by Hon Hai Precision Industry Co., Ltd. Chief Mr. Wiley   met the Chief Minister at the Dr. B.R. Ambedkar Telangana State Secretariat today. State IT and Industries Minister Mr. SridharBabu, Telangana CS Ms. Shanti Kumari, I.T. Principal Secretary Mr. Jayesh Ranjan and other senior officials participated in this meeting.

Speaking on the occasion, the CM said that the newly formed government has the responsibility of safeguarding the aspirations of the people and they are adopting a friendly approach to all communities.

Similarly, the CM said that full support and cooperation will be provided to the industrialists as well. Mr. Revanth Reddy stated that along with providing necessary permits for the development and establishment of industries, infrastructure will be provided. The CM has informed that all necessary steps will be taken to keep the state as the leading industry in the country.

Chief Minister Shri A. Revanth Reddy said in a meeting with the representatives of Foxconn that he will speed up the development of the electronics industry in Telangana. The Chief Minister said that the government will provide the necessary support and assistance for the future projects to be undertaken by the Foxacon company and for the management of the Kongara Kalan manufacturing center.

About Fox Conn Group: Fox Conn Group signed agreement with Telangana Government in March 2023. The Foxconn company primarily manufactures Apple iPhones. Foxconn’s major customers include Google, Xiaomi, Amazon, Hewlett Packard, HUAWEI, Alibaba Group, CISCO, Dell, Facebook, Nintendo, Sony, Microsoft, SEGA, Nokia. Foxconn has operations in 24 countries including China, Vietnam, Thailand, Malaysia, America, Europe and India.

In our country the company operates in AP (Sri City), Tamil Nadu (Sri Perambudur), Telangana (Kongara Kalan) and Karnataka (Near Bangalore). Foxconn has signed a Memorandum of Understanding (MoU) with the Telangana government promising to create one lakh jobs by setting up systems for manufacturing electronics equipment and accessories. In the first phase, 25,000 jobs will be created in the next two years.

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