Foxconn Group president, Calvin Chin and FIH Mobile Ltd chairman, Vincent Whtong in a meeting with Telangana CM, K. Chandrasekhar Rao, on Thursday, talked about the possibility of setting up a manufacturing facility in Hyderabad.
They said the conditions in the state were favorable for setting up industrial units and lauded Telangana State Industrial Project Approval And Self Certification System (TS-AiPASS), came a statement from the chief minister’s office.
Rao invited them to invest in the state and come out with specific plans. He briefed them about the government’s plans to set up a mobile manufacturing hub and told them that many mobile phone companies have come forward to establish their units. The chief minister said suitable land would be allotted for the hub, which will have all infrastructure facilities. He said the hub would provide two lakh jobs.
The visit by the delegation from Taiwan-based tech giant came a few days after Information Technology Minister, K. Tarakarama Rao visited that country to invite investments.
Foxconn is looking at bringing manufacturing to India to counter the wage inflation in China. The company is said to be looking at manufacturing iPhones, iPads and iPods in the country.
By manufacturing in India, Apple can also reduce the costs of these iOS devices in India, helping it better compete with Samsung and local players.