Foxconn’s $300 million plant to take off on May 15

HYDERABAD: The $300 million electronics manufacturing facility of Foxconn, Taiwanese multinational electronics contract manufacturer, is all set to take off on May 15 in Telangana.

The TS Industrial Infrastructure Corporation (TSIIC) of the Telangana state government would be handing over the 187-acre land parcel in Kongarakalan on the city outskirts by the end of this month to the company for the project. Official sources said that the government has allocated the land to Foxconn for nearly Rs 200 crore.