Taiwanese electronics major Hon Hai Precision Industry writes letter in this regard to Telangana Chief Minister
Hyderabad, NFAPost: Taiwanese electronics major Hon Hai Precision Industry (Foxconn Technology Group) Chairman Young Liu wrote a letter to Telangana Chief Minister announcing the company’s decision to set up a factory at Kongara Kalan, around 35 km away from Hyderabad.
According to the letter accessed by TheNFAPost, Young Liu confirmed the commitment of Foxconn in setting up the manufacturing facility in letter send to wish during the Chief Minister K C Chandrashekhar Rao.
“As discussed with you during our meeting on March 2nd, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in opreationalising the Kongara Kalan Park as early as possible,” said Taiwanese electronics major Hon Hai Precision Industry (Foxconn Technology Group) Chairman Young Liu.
Hon Hai Precision Industry (Foxconn Technology Group) Chairman Young Liu also said he was indeed inspired by Chief Minister’s vision and the efforts towards transformation and development of Telangana.
Appreciation Letter to Hble TS CM from Foxconn 20230306
The company chairman also extended a personal invitation to Telangana Chief Minister to visit Taiwan and expressed his wish to host him at Taipei.
The letter of Hon Hai Precision Industry (Foxconn Technology Group) Chairman Young Liu amply clears the doubts about the companyh’s investment strategy in India. Recently, the government of Karnataka claimed Foxconn will invest around $700 million the state.
Chandrashekhar Rao and Liu met in Pragathi Bhavan, on March 2, and it was agreed that Foxconn would set up electronics manufacturing facility in Telangana with employment generation potential for over one lakh people, the CMO release added.
The Taiwanese company’s on Saturday said that its chairman had visited India, but denied it had “entered into any binding, definitive agreements” after reports saying it was planning new investments in the country.
Foxconn said in a statement on Saturday that no deals had been finalised during chairman and CEO Young Liu’s visit to India from February 27 to March 4.
“Foxconn has not entered into binding, definitive agreements for new investments during this trip. Negotiations and internal review are ongoing. Financial investment sums discussed in media are not information being released by Foxconn,” the statement said.
