Tag: Foxconn

Foxconn buys large tract of land near Bengaluru, BJP cheerful

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Bengaluru: Foxconn, the world’s biggest contract electronics manufacturer and assembler of iPhones, has bought a huge tract of land on the outskirts of Bengaluru.
The key Apple supplier has stated this in its filing at London Stock Exchange. The news has come as a shot in the arm to the ruling BJP ahead of crucial Assembly elections scheduled on May 10.
Investment by Foxconn in the state had run into controversy following the opposition parties questioning ruling BJP and calling it a publicity stunt.

The ruling BJP had announced the establishment of an iPhone assembling unit by Foxconn in Bengaluru. Later, the claim was disputed by the company.
An embarrassed Chief Minister Basavaraj Bommai had released the letter of appreciation by Foxconn to defend against the attacks by the opposition.
According to latest reports, the company made the statement in this regard at London Stock Exchange. According to the statement, the 1.2 million square metre (13 million square foot) plot has been acquired near Devanahalli located close to Bengaluru International Airport. According to sources, the land was bought for Rs 106.24 crores.
This is seen as part of the company’s strategy to look for alternative production destinations away from China following rigid Covid rules, the sources said.
The Karnataka State High-Level Clearance Committee (SHLCC) had approved Foxconn investment proposal in March. The company proposed to manufacture mobile devices.

The official statement from the Large and Medium Industries Ministry said that Foxconn Hon Hai Technology India Mega Development Private Ltd (FHH) would invest Rs 8,000 crore with employment opportunities for 50,000 people.
The delegation led by Foxconn CEO and Chairman Young Liu had visited the state and held a meeting with Bommai in Bengaluru. The appreciation letter released by CM’s office was written by Foxconn CEO to Bommai and termed their visit a great success.
JD-S leader and former CM H.D. Kumaraswamy had asked the ruling BJP to clarify whether the announcement regarding Foxconn by the Chief Minister was a publicity stunt or if any MOU was signed.
He had earlier maintained that the Karnataka BJP government had the policy of maximum publicity and zero result policy.
“Chief Minister Basavaraj Bommai and two other ministers took free publicity by stating that iPhone manufacturer Foxconn company from Taiwan has come to the state for investment. They held the signed letters in their hands stating the MOU had been signed and posed before the media,” Kumaraswamy had stated.
The Taiwanese company, on the other hand, told the media that there are no definitive agreements made to invest in Karnataka. At this, Kumaraswamy had said that if this is the case, what really happened in the presence of CM Bommai and demanded the government clarify the matter.
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#Foxconn #buys #large #tract #land #Bengaluru #BJP #cheerful
( With inputs from www.siasat.com )

May 9, 2023
Foxconn to produce Apple AirPods from Telangana plant: Report

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Hyderabad: Taiwanese contract manufacturing giant Foxconn has reportedly won an order to manufacture AirPods for Apple Inc and is planning to build a factory in Telangana to produce the earphones.
A recent Reuters report said that two people with knowledge of this matter told the news agency that AirPods wireless earphones currently being produced by a range of Chinese suppliers, will also be produced by Foxconn as per the deal. This deal underlines efforts by the company to further diversify production away from China.
According to the reports the construction of the manufacturing facility is set to being by the end of 2023 with a goal to start production at the end of 2024 at the earliest.
The news agency said that a source revealed that Foxconn would invest more than $ 200 million in the new manufacturing facility in Telangana.
Foxconn chairman Young Liu, who was in Hyderabad earlier this month, has written a letter to chief minister K. Chandrasekhar Rao, saying that the Taiwanese contract manufacturing giant is committed to setting up the plant in the state.
“As discussed with you during our meeting on March 2, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in operationalising the Kongara Kalan Park as early as possible,” Liu wrote in his letter.
The state government has reportedly offered 200 acres of land to Foxconn to set up the plant at Kongara Kalan, about 35 km from Hyderabad.
Liu visited Hyderabad on March 2. He called on KCR and during the meeting a Memorandum of Understanding (MoU) was signed.

Telangana government had announced that Foxconn will set up a manufacturing facility with employment generation potential for over one lakh people.
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#Foxconn #produce #Apple #AirPods #Telangana #plant #Report
( With inputs from www.siasat.com )

March 16, 2023
Apple supplier Foxconn committed to set up plant in Telangana, CEO to CM

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Hyderabad: Foxconn Chairman Young Liu, who was in Hyderabad last week, has written a letter to Telangana Chief Minister K. Chandrasekhar Rao, saying that the Taiwanese contract manufacturing giant is committed to setting up the plant in the state.
“As discussed with you during our meeting on March 2, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in operationalising the Kongara Kalan Park as early as possible,” Liu wrote in his letter.
The state government has reportedly offered 200 acres of land to Foxconn to set up the plant at Kongara Kalan, about 35 km from Hyderabad.
Liu also invited KCR, as the Chief Minister is popularly known, to visit Taiwan as his personal guest.
The copy of the letter dated March 6 was released by the Chief Minister’s Office (CMO).
This comes amid reports that Foxconn has denied entering into any binding, definitive agreements for new India investment during its chairman’s recent trip.
“To all the naysayers: Stuff prevails,” tweeted Telangana’s director of electronics Sujai Karampuri, who posted the letter by Young Liu to the chief minister.
The Foxconn chairman thanked KCR for the hospitality extended to him and his team during their visit to Hyderabad.

“I also wish to thank you for your warm birthday wishes and a personalized card. I was indeed inspired by your vision and the efforts towards transformation and development of Telangana. I now have a new friend in India and I look forward to working with you in future,” he said.
Liu had visited Hyderabad on March 2. He called on KCR and during the meeting a Memorandum of Understanding (MoU) was signed.
The Telangana government had announced that Foxconn will set up a manufacturing facility with employment generation potential for over one lakh people.
The historic deal has potential to generate employment to over one lakh people over a period of 10 years, the CMO had said.
“Foxconn’s unit will help in generating large scale employment to youth and will help in attracting more such industries to the State,” KCR had said.
He said that Telangana considers Taiwan as a natural partner and that the state is glad to be a part of Foxconn’s growth story.
KCR assured Liu that the state government will provide all kinds of support to Foxconn for its operations in the state.
The CMO had quoted Foxconn chairman as saying that his organization has studied extensively about the state of Telangana. He praised the friendly industrial development ecosystem created in the state.
Liu expressed happiness over the progress achieved by the state in the industrial sector, especially in IT and related electronics sectors, in just eight years.
The chairman said that he is optimistic about the investments of his company in Telangana.
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#Apple #supplier #Foxconn #committed #set #plant #Telangana #CEO
( With inputs from www.siasat.com )

March 6, 2023
Did Karnataka sign MoU with Foxconn or was it publicity stunt, asks Kumaraswamy

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Bengaluru: JD-S leader and former CM H.D. Kumaraswamy on Sunday questioned Karnataka’s ruling BJP government to clarify whether the announcement regarding Foxconn by Chief Minister Basavaraj Bommai was a publicity stunt, or was an MoU actually signed.
Taking to social media, Kumaraswamy charged the BJP government with the policy of “maximum publicity and zero result policy”, saying that the government is busy with publicity ads and it does not have any care towards welfare of people, development and generation of employment.
“Chief Minister Basavaraj Bommai and two other ministers took free publicity on Friday by stating that iPhone manufacturer Foxconn company from Taiwan has come to the state for investment. They held the signed letters in their hands stating the MOU had been signed and posed before the media,” he said.
The Taiwanese company, on the other hand, clarified that there were no binding or definitive agreements to invest in Karnataka. “If this is the case, what really happened in the presence of CM Bommai on Friday? Was it a publicity gimmick or agreement? They need to clarify before the people,” the JD-S leader demanded.
“There is importance attached to the foreign investments in the post-Covid phase. The government should tread cautiously. The state lost the Ola company because of its own mistakes. Rs 7,614 crore investment went to Tamil Nadu.
“The life of people is more important than elections and publicity. For the BJP government in Karnataka above all comes power and rest is not so important. There is no end to the woes of Kannadigas,” Kumaraswamy alleged.
Earlier, Chief Minister Bommai had claimed that the MOU with Foxconn is a big boost to India’s Atmanirbhar Bharat ambitions and a testimony to Karnataka’s success in drawing investments to the state in the electronics manufacturing and assembly segment.
“Hon Hai Technology Group (Foxconn) has announced a major investment in Karnataka. The 300 acres of land has been identified for this purpose near the Bengaluru International Airport, in Doddaballapura and Devanahalli taluks,” he had said.

A Foxconn team, led by CEO and Chairman Young Liu and comprising 16 senior leaders, were in Bengaluru on Friday where they were welcomed at the airport by IT and BT Minister C.N. Ashwath Narayan.
They met Large and Medium Industries Minister Dr. Murugesh R. Nirani, and Chief Secretary Vandita Sharma, before a dinner hosted by Bommai, where he and Liu were reported to have discussed Foxconn’s investment plans and Bommai assured full support for the project, as per a state government spokesman.
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#Karnataka #sign #MoU #Foxconn #publicity #stunt #asks #Kumaraswamy
( With inputs from www.siasat.com )

March 5, 2023
High praise for Telangana from Foxconn chairman at T-Works launch

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Hyderabad: Hon Hai Technology Group (Foxconn) chairman Young Liu in the presence of Telangana IT minister KT Rama Rao, inaugurated T-Works, which is India’s largest prototyping centre on Thursday.
Speaking on the occasion, the Foxconn chairman said that he was very impressed by the speed of things in Telangana. “I think it’s very likely that with Telangana, within four years we will double the revenue of Foxconn, it will be possible with the speed of Telangana,” he added.
KTR said that with the partnership of Hon Hai Technology Group (Foxconn), Hyderabad can be made into the ‘Shenzhen’ of India.
Shenzhen, a city in southern China, is one of the world’s billionaire capitals. Several of China’s wealthiest people live in the city, many of whom built massive tech enterprises.
KTR further said that Taiwan as a country ‘amazes’ him. “A small country of 23 million people but almost a 750 billion GDP,” he added.
The minister had announced that Foxconn is going to ‘mega’ invest in the state which will lead to the creation of one lakh jobs.
“Foxconn is a company with a 205 billion dollar turnover and is in the top 20 in Fortune 500 companies list. Creating a million jobs, kudos to the team of Foxconn for making this magic happen. What you have done in Shenzhen and in China, let’s do that in Hyderabad and make Hyderabad the Shenzhen of India,” said the minister.
KTR went on to say that India and Taiwan together can synthesize beautfiul things for the world. “IT is not Information Technology, IT, in my mind is India and Taiwan. India is the powerhouse of software, and Taiwan is doing wonders in hardware,” he said.

The IT minister said that T-works was the idea of Sujai Karampuri, the CEO of T-works, and said that “Sujai has made it happen with the support of principal secretary Jayesh, my team, and the T-works team. My compliments to the entire family of T-works, they have done a truly terrific job”.
The 78000 sq. ft. prototyping centre, located at Raidurg IT corridor, is said to have cutting-edge facilities and equipment to support innovation and prototyping.
The new prototyping facility is set to encourage design thinking in the hardware field. The facility houses machinery and capabilities to carry out metalworking, woodworking, 3D printing, electronics test and assembly, environmental testing, laser cutting and engraving, and ceramics.
“We are organising T-works, T-hub, and Image Tower in a facility that sprawls about 18 acres in the Raidurg IT corridor” said KTR on Wednesday talking about T-works.
He said that more than Rs 110 crores were used to organise 200 state-of-the-art machinery in the newly inaugurated facility.
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#High #praise #Telangana #Foxconn #chairman #TWorks #launch
( With inputs from www.siasat.com )

March 2, 2023
Hyderabad: KTR, Foxconn chairman launch T-Works

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Hyderabad: Telangana IT minister KT Rama Rao and Hon Hai Technology Group (Foxconn) chairman Young Liu, inaugurated T-Works, India’s largest prototyping centre on Thursday.
The 78000 sq. ft. prototyping centre, located at Raidurg IT corridor, is said to have cutting-edge facilities and equipment to support innovation and prototyping.
The new prototyping facility is set to encourage design thinking in the hardware field. The facility houses machinery and capabilities to carry out metalworking, woodworking, 3D printing, electronics test and assembly, environmental testing, laser cutting and engraving, and ceramics.
“A big day for Telangana as T-works, the largest prototyping centre in the country, is being inaugurated. Marks another milestone towards making Telangana a world leader in product innovation,” said a tweet from the Telangana minister KTR.
“We are organising T-works, T-hub, and Image Tower in a facility that sprawls about 18 acres in the Raidurg IT corridor” said KTR on Wednesday talking about T-works.
He said that more than Rs 110 crores were used to organise 200 state-of-the-art machineries in the newly inaugurated facility.
“T-Works, an initiative of the Government of Telangana, aims to create and celebrate a culture of hobbyists, makers, and innovators in India; who explore and experiment without the fear of failure,” reads the website of T-works.

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#Hyderabad #KTR #Foxconn #chairman #launch #TWorks
( With inputs from www.siasat.com )

March 2, 2023