Apple supplier Foxconn to invest $500 in Telangana to manufacture iPhones and more

KT Rama Rao, IT Minister of Telangana, announced that Foxconn, a supplier for Apple, will invest $500 million in the region. The first phase of the project will create 25,000 jobs as a result of this investment.

“Demonstrating the “Telangana Speed”, I am happy to announce the groundbreaking of first of Foxconn’s plants in Telangana at Kongar Kalaan today,” the minister said in the tweet. “With an investment of over $500M it shall create 25,000 direct jobs in first Phase.”

According to a joint statement by the Telangana government and Foxconn, the new facility is a commitment to providing high-quality products to the market and a significant achievement in Foxconn Interconnect Technology’s global expansion plan.