In less than three months after Hon Hai Technology Group, popular as Foxconn, signed a memorandum of understanding with theTelanganagovernment, the multinational electronics contract manufacturer performed a ground-breaking ceremony for its manufacturing unit atKongara Kalanin Rangareddy district.
Industries and IT ministerKT Rama Raolaid the foundation along with Foxconn Interconnect Technology chairman & CEO Sidney Lu.
The proposed facility, spread over 200 acres and with an of Rs 4,000 crore in the first phase, would serve as a hub for Foxconn’s operations in Telangana.
The facility would provide direct EMPLOYMENT to 35,000 youth and another 65,000 jobs indirectly, cumulatively creating a lakh job opportunities for the locals.