Government of Telangana is in talks with Foxconn Interconnect Technologies, a leading third-party electronics manufacturer, to bring more investments than what it has already committed to the state.

The government is engaged in conversations to convince the company to set up a display fab manufacturing facility, semiconductor OSAT facility, semiconductor fab, electric vehicle (EV) manufacturing facility and a notebook production facility. Foxconn's key officials met the Telangana Chief Minister A Revanth Reddy on 26 December, 2023.

Foxconn is underway developing the airpod manufacturing facility at Kongarakalan near Hyderabad, and is expected to commence commercial production in May 2024. The company had announced investments to the tune of USD 500 million in Hyderabad. The talks regarding establishment of a display fab manufacturing facility are underway, and it has identified a site meanwhile discussions are on around incentives.

In March 2023, the company signed an agreement with the state government to set up the facility. In the first phase, it would provide employment to 25,000 people.
Foxconn is evaluating partners such as HCL for outsourced semiconductor assembly and test (OSAT) and Telangana is actively pursuing the proposed project. It is also evaluating partners from India such as MEIL and JSW for setting up an EV facility.

The Taiwanese firm has urged for a developed land parcel with clear title which is very close to the city and the international airport. It also wants good road connectivity in addition to power and water supply. Meanwhile, the State government has agreed to facilitate and provide all approvals under its purview. We will also provide a best-in-class incentives package and identify suitable land parcel.