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Foxconn’s Board gives nod for additional USD 400 mln investment in Telangana

Monday, 14 Aug 2023
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Foxconn FIT Hon Teng's Board of Directors (BOD) has approved the investment of USD 400 million in Telangana. This investment is an addition to the already committed USD 150 million earlier, with a total investment of USD 550 million.

As part of its USD 500 million investment, the electronics major laid the foundation stone in May this year for its new electronics manufacturing facility in Telangana.

The proposed facility at Kongara Kalan is key to the company's global expansion strategy, and will serve as a hub for FIT’s operations in the state.

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