Hyderabad: The iPhone will be manufactured in India. Apple’s manufacturing company Foxconn is going to build a factory in Telangana. On Monday, Telangana Minister KT Rama Rao said that an iPhone factory is going to be built in Telangana. Apple’s manufacturing company Foxconn will invest Rs 500 million or Rs 500 million in Telangana. If this factory is built, around 25 thousand jobs will be created in the state.
It is reported that the Foxconn plant will be built at Konkar Kalan in Ranga Reddy district near Hyderabad. The investment is said to be beneficial for overall development in the state starting with employment. Announcing Foxconn’s investment today, Telangana Chief Minister K. Chandrasekhar Rao’s son KT Rama Rao tweeted, “Highlighting the Telangana initiative, I am very happy to announce that the Foxconn plant is coming up at Kongar Kalan in Telangana. This $50 crore investment will create at least 25 thousand jobs in the state in the first phase.
Telangana Showcases Momentum Today I am pleased to announce the foundation stone laying ceremony of Foxconn’s first plant in Telangana at Konkar Kalan.
#Telangana to create 25,000 direct jobs in first phase with $500M investment #Foxconn pic.twitter.com/PHThJWxsfT
— KTR (@KTRBRS) May 15, 2023
Telangana Information Technology and Electronics Minister KT Rama Rao said that the new factory to be built under an agreement between the Telangana government and Foxconn will produce world-class products for the international market. This is a major step in Foxconn Technology’s global business expansion plans.
Foxconn is headquartered in Taipei, Taiwan. While most of the world’s biggest iPhone maker’s factories are located in China, Foxconn’s production has been hit hard by the coronavirus and a severe lockdown in Beijing. This has affected the distribution of Apple products including iPhone across the world.