Foxconn chief meets CM Revanth in Delhi, announces visit to Hyderabad

Hyderabad: During a meeting with chief minister A Revanth Reddy, Foxconn chairman Young Liu announced plans to visit Hyderabad with his team soon.

The Foxconn chief met with the CM at his official residence in Delhi on Friday and said that Hyderabad has immense potential for growth in all sectors, including industrial and service sectors.

The Foxconn delegation, led by Liu, was briefed by CM Revanth Reddy on Hyderabad’s rich history, industrial prospects and favourable climatic conditions. The chief minister emphasised Hyderabad’s consistent industrial progress over the years, which remains unhampered by change in governments.

Inviting Foxconn to invest in Telangana, CM Revanth Reddy assured Foxconn of full support, including necessary permits and incentives, for setting up their factories in the Fourth City.

Fourth City

The chief minister spoke about the phase-wise development of three cities in Hyderabad, whose foundation stone was laid under 430 years.

He outlined the development of the Fourth City, which will focus on multifaceted growth in sectors such as education, medicine, sports, electronics, electrical industries and skill development.

Young India Skill Development University

The CM highlighted the establishment of the Young India Skill Development University, a key component of the Fourth City project on the outskirts of Hyderabad.

He said that eminent industrialists are involved in the design of the syllabus to provide the necessary skills and human resources that equip the youth with modern industry skills.

As part of that, top industrialist Anand Mahindra has been appointed as the chairman of Skill University and another industrialist Srinivasa Raju has been appointed as the vice chairman. Chief Minister Revanth Reddy explained to them all the advantages of Hyderabad including International Airport, Outer Ring Road (ORR) and the proposed Regional Ring Road (RRR).

USA, Korea visit

State IT and Industries Minister D Sridhar Babu also briefed Liu on the government’s pro-industrial policies, incentives and international collaborations aimed at boosting industrial development.

Sridhar Babu told chairman Young Liu about the steps taken by the government for industrial development, the incentives provided, and the discussions and agreements made by CM’s team during the recent visit to the USA and South Korea.

Young Liu said Foxconn is eager to explore investment opportunities in Hyderabad. He announced plans for an initial visit by a team led by chief campus operations officer Kathy Yang and India representative V Lee, with a follow-up visit by Liu himself.