KT Rama Rao pitches Telangana to Foxconn
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/85cc2c662228399eb1975a5f63671269.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Telangana Industries Minister K.T. Rama Rao on Thursday invited Foxconn to invest in the state.
The minister met visiting Foxconn Chairman Young Liu in New Delhi, and they discussed Foxconn's plans of expanding its footprint in India.
KTR, as the minister is popularly known, also took the opportunity to pitch Telangana to officials from Foxconn Corporation present during the meeting for potential investment opportunities.
Taiwan-based Hon Hai Technology Group (Foxconn) is one of the leading electronics manufacturing services (EMS) provider globally and is one of the largest suppliers for many top tier international customers.
Foxconn has manufacturing units in Tamil Nadu and Andhra Pradesh. In 2021, Hon Hai's annual revenue reached $206 billion worldwide.
KTR briefed Liu on the initiatives undertaken by the state government towards creating an enabling environment and infrastructure for fostering electronics manufacturing in Telangana, and the Foxconn chief was pleased to note the progress made by the state in last eight years.
Discussing the company's future plans, Liu said: "India is an attractive manufacturing destination, and we would like to see how we can expand our manufacturing footprint. Our India experience has been exciting, and we look forward to explore the opportunities that Telangana as a state offers."
KTR said: "Foxconn is one of the biggest employers globally in the domain of electronics manufacturing. We are excited about their decision to venture into EV manufacturing too. I assure the company of the best support possible from Telangana and invite the team to explore Telangana."
Telangana has emerged as a preferred investment destination for investments in electronics sector and boasts of a vibrant R&D and innovation ecosystem. The state is equipped with robust industrial infrastructure and is well positioned to meet the requirements of global majors, he added.
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/9947b812f3480eb4864958d0544068c9.jpg)
Rss Feed India, UK to continue free trade agreement negotiations till end of August: Commerc...
![Chinese minister says India free to join RCEP trade bloc](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/ff0fc145f9536eb26d6b359c72fbcf51.jpg)
![Hon`ble Union Minister Mr. Piyush Goyal and French Foreign Trade Minister Mr. Olivier Becht Jointly Inaugurate `NAVARATAN` Exhibition at G20 TIMM being held in Jaipur](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/c5e4a38f59983815df3a0b44f6ed1c59.jpg)
![India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/85f7f60f9a57c05ff713875a3328d716.jpg)