KTR urges Foxconn, a Taiwanese electronics giant, to invest in Telangana

Hyderabad: Young Liu, Chairman of Foxconn, a Taiwanese electronics giant, met Minister for Industries and IT KTR on Thursday. Liu arrived in Hyderabad with a delegation from his company and met Minister KTR. The keynote address was on electric vehicles, digital health, electronics and robotics.

Speaking on the occasion, KTR asked Liu to invest in Telangana. The KTR Foxconn team was briefed on the opportunities for setting up industries in Telangana and the incentives being given by the government. These things were revealed by KTR on his Twitter handle. KTR also explained that Foxconn has promised to invest in Telangana.

KTR apprised Young Liu of the initiatives taken by the State government in creating a conducive environment and infrastructure for encouraging electronics manufacturing in Telangana. Young Liu was reportedly impressed to note the progress made by Telangana in the past eight years.

Meanwhile, Liu discussed the company’s future plans and said, “India is an attractive manufacturing destination and we would like to see how we can expand our manufacturing footprint. Our experience has been exciting in India and we look forward to exploring the opportunities in Telangana."