Posted 12/26/2023, 7:34:00 AM
Telangana Woos Foxconn with $500 Million Incentive Package for Proposed Hyderabad Plant
- Telangana CM Revanth Reddy met with Foxconn representatives to discuss industrial development in the state
- The government aims to pave way for accelerated industrial growth through friendly policies
- Foxconn shared plans to invest $500 million in a Hyderabad production facility
- The state will provide incentives, land, skilled workforce, infrastructure support to Foxconn
- A single point of contact will be provided to Foxconn for handholding and facilitating approvals