Taiwanese electronics giant Foxconn is considering investment opportunities in Hyderabad, according to a statement from the Telangana government on Friday. Foxconn Chairman Young Liu met with Telangana Chief Minister A Revanth Reddy in New Delhi, where the Chief Minister extended an invitation for the company to invest in a proposed “fourth city” on the outskirts of Hyderabad.
Reddy assured Liu that the state would provide full support, including necessary permits and incentives, to facilitate the establishment of Foxconn’s factories in Telangana. “Liu expressed Foxconn’s keen interest in exploring investment opportunities in Hyderabad,” the Telangana government said in an official statement.
Liu acknowledged Hyderabad’s potential for growth across various sectors, including industrial and service industries. Foxconn plans to conduct an initial site visit led by its Chief Campus Operations Officer Kathy Yang and India representative V Lee, followed by a personal visit from Liu at a later date.
Chief Minister Reddy outlined the development plans for the proposed “fourth city,” emphasizing its focus on growth in education, medicine, sports, electronics, electrical industries, and skill development. The city will also feature a Young India Skill Development University, with industrialists Anand Mahindra and Srinivasa Raju appointed as Chairman and Vice Chairman of the university, respectively.
Telangana’s IT and Industries Minister D Sridhar Babu briefed Liu on the state’s pro-industrial policies, incentives, and international collaborations aimed at fostering industrial growth. Foxconn, a key supplier for Apple, has been expanding its footprint in India as tech companies seek to diversify production away from China.
The meeting underscores growing interest from global tech firms in Hyderabad, which already hosts major players like Microsoft and Google. Several high-ranking officials from both the Telangana government and Foxconn were present at the meeting. However, no details were provided on the size or specifics of the potential investments discussed.
