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Andhra Pradesh’s IT Minister, Nara Lokesh, invited Foxconn to set up a “manufacturing city” in the state, offering comprehensive support and subsidies.
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Foxconn is considering investing in various sectors, including electric vehicle manufacturing, semiconductors, and digital health.
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The investment is expected to generate large-scale employment opportunities, contributing to the state’s target of creating 20 lakh jobs.
Andhra Pradesh is wooing electronics giant Foxconn to establish a “manufacturing city” in the state. IT Minister Nara Lokesh met with Foxconn representatives, promising a dedicated policy framework, subsidies, and a new electronics policy to incentivize the sector.
Lokesh highlighted the state’s resources and successful track record in attracting investments, citing the Kia Motors plant as an example. Foxconn’s Indian representative, Vi Li, acknowledged the efforts of the previous government and expressed interest in exploring opportunities in Andhra Pradesh.
The investment is expected to generate large-scale employment opportunities, contributing to the state’s target of creating 20 lakh jobs. Foxconn is considering establishing units in various sectors, including electric vehicle manufacturing and semiconductors. The meeting concluded with a tentative agreement from Foxconn to invest significantly in Andhra Pradesh.
I was delighted to meet a senior delegation of @HonHai_Foxconn led by Mr. V Lee at Amaravati today. I was happy to learn about Foxconn’s plans in India to develop more manufacturing facilities across EVs, digital health and electronic components.
I apprised them about our leader… pic.twitter.com/rxi1B4VYke
— Lokesh Nara (@naralokesh) August 19, 2024
