$500 Million, 25,000 Jobs: Telangana, iPhone Maker Seal Pact For New Plant
NDTV
The Foxconn plant will come up near Hyderabad, at Kongar Kalaan in Ranga Reddy district
Apple supplier Foxconn will invest $500 million in Telangana and as many as 25,000 jobs will be created in the first phase of the project, Telangana minister KT Rama Rao announced today. Demonstrating the “Telangana Speed”, I am happy to announce the groundbreaking of first of Foxconn's plants in Telangana at Kongar Kalaan todayWith an investment of over $500M it shall create 25,000 direct jobs in first Phase #Telangana#Foxconnpic.twitter.com/PHThJWxsfT
The Foxconn plant will come up near Hyderabad, at Kongar Kalaan in Ranga Reddy district.
"Demonstrating the 'Telangana Speed', I am happy to announce the groundbreaking of first of Foxconn's plants in Telangana at Kongar Kalaan today. With an investment of over $500M it shall create 25,000 direct jobs in first Phase," the minister, who is also the son of Telangana Chief Minister K Chandrashekar Rao, said in a tweet.
