Foxconn announces ‘mega investment’ in Telangana, may generate one lakh jobs over 10 years

The Telangana government has announced that Foxconn will set up an electronics manufacturing facility in the state that will have the potential to generate one lakh jobs over the course of 10 years.

On Thursday, Young Liu, chairman of the Taipei-based Hon Hai Technology Group (Foxconn) met Chief Minister K Chandrashekar Rao at Pragathi Bhavan.

Later, Rao, along with Liu, announced the setting up of an electronics manufacturing facility in Hyderabad after an agreement was reached between the state and the corporate group for establishing the proposed units. The investment figures were not revealed.