India's Telangana state pledges support for Hon Hai to build $500mn manufacturing plant
Dec.27,2023

National Business Wire (Dec 27) -- India's Telangana state has pledged to provide all necessary support for Hon Hai's construction of a $500 million manufacturing plant, the state said on Tuesday.

The commitment came during a meeting between Telangana's new chief minister, Anumula Revanth Reddy, and Hon Hai's India team.

Hon Hai Precision Industry Co., Ltd., trading as Foxconn Technology Group, confirmed in the first half of this year that it would invest $500 million in a factory in Telangana.

The new plant will become operational in May 2024, producing Apple AirPods.

In addition to this investment, Telangana is also looking to convince Hon Hai to set up a display manufacturing plant, semiconductor manufacturing plant, chip packaging and testing facility, electric vehicle manufacturing plant and laptop production facility.

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