Foxconn, a large Taiwanese electronics company known for making iPhones, has committed to building a manufacturing plant in Kongara Kalan, a town close to Hyderabad in Telangana.
A manufacturing plant for electronics will get an unknown amount from Foxconn and be located close to Hyderabad. According to reports, the Telangana government has set aside 200 acres of land for Foxconn to build the manufacturing facility at Kongara Kalan, which is located approximately 35 kilometres from Hyderabad.
Details about Foxconn to invest in Telangana by developing Kongara Kalan Park
The Taiwan-based company already has facilities in Tamil Nadu and Andhra Pradesh, where it produces goods for businesses like Apple and Amazon.
On Sagar Road, adjacent to the outer ring road, is Kongara Kalan Park, which is a part of Ibrahimpatnam Mandal. It is not far from Raviryal, where a few manufacturing facilities are being built, and around 5 kilometres from Adibatla, where TCS has a facility with more than 15,000 employees.
For the past few years, the Kongara Kalan neighbourhood has undergone development by the Telangana government. Here is where the Rangareddy district collectorate was constructed. Also, there have been a lot of real estate developments in this area. According to press reports, the price of prime plots, which used to be approximately Rs 10,000 sq yard, has risen to Rs 20,000 per sq yard.
The development of an electronics manufacturing cluster between Kongara Kalan and Raviryal has been planned by the state government. It is not far from Raviryal, where a few manufacturing facilities are being built, and around 5 kilometres from Adibatla, where TCS has a facility with more than 15,000 employees.
For the past few years, the Kongara Kalan neighbourhood has undergone development by the Telangana government. Here is where the Rangareddy district collectorate was constructed. Also, there have been a lot of real estate developments in this area. According to press reports, the price of prime plots, which used to be approximately Rs 10,000 sq yard, has risen to Rs 20,000 per sq yard.
The development of an electronics manufacturing cluster between Kongara Kalan and Raviryal has been planned by the state government. According to press reports, the K. Chandrasekhar Rao administration wants to attract more businesses, assist the state’s electronic manufacturing industry in generating Rs 2.5 lakh crore in income, and add 16 lakh new jobs.
Foxconn has agreed to build a 300-acre iPhone manufacturing close to Bengaluru, according to Karnataka CM Basavaraj Bommai, who made the announcement in the first week of March. This facility would create one lakh jobs. The biggest maker of contract electronics in the world and a key supplier of Apple iPhone components is Foxconn. On Saturday, the chief minister of Karnataka announced that the corporation would receive almost 300 acres of land close to Kempegowda International Airport.
A similar announcement regarding Foxconn’s plans for his state was made by Telangana CM K. Chandrasekhar Rao at approximately the same time.
Previous claims of additional investments in both states had been refuted by the semiconductor giant, who also noted that Foxconn Chairman Young Liu had visited Hyderabad on March 2 but said no decisions had been made. Nonetheless, news media emphasised Liu’s pledge to invest $700 million in Karnataka.
“On this tour, Foxconn has not signed any legally enforceable, binding agreements for new investments. There are continuing discussions and internal reviews. The financial investment amounts discussed in the media do not correspond to the information Foxconn is disclosing, the business stated last week.
The commitment to establish the facility in the state was made official by Liu in a letter to Telangana Chief Minister KCR on March 6.
Liu said in his letter that “Foxconn is committed to establishing a manufacturing plant in Kongara Kalan as agreed with you during our discussion on March 2 and I ask the help of your team in operationalizing the Kongara Kalan Park as soon as possible.
The Chief Minister’s Office made a copy of the March 6 letter public (CMO).
Foxconn’s decision to build a semiconductor facility in Gujarat rather than Maharashtra in 2022 sparked a political uproar as well.
