Foxconn intends to invest $500 million and generate 25,000 jobs in Telangana.

&NewLine;<p>This would lead to the hiring of about 25&comma;000 more workers&period; KT Rama Rao&comma; a minister for Telangana&comma; made the remark on the news today&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The most significant Apple supplier&comma; Foxconn&comma; has declared its intention to invest &dollar;500 million in Telangana&comma; an Indian state&period; There would be about 25&comma;000 new jobs created as a result of this&period; KT Rama Rao&comma; a minister for Telangana&comma; made the remark on the news today&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>I&&num;8217&semi;m happy to announce that the first Foxconn factory in Telangana had its groundbreaking ceremony today in Kongar Kalaan&period; This event will showcase &&num;8220&semi;Telangana Speed&period;&&num;8221&semi; According to Rao&comma; the initiative will invest more than &dollar;500 million and create 25&comma;000 direct <a href&equals;"https&colon;&sol;&sol;softwaremania&period;in&sol;category&sol;hiring&sol;" title&equals;"">jobs<&sol;a> in the first phase&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to a joint statement from the Telangana state government and Foxconn&comma; the new plant &&num;8220&semi;is a promise to continue delivering world-class products to the markets&comma; and a milestone for <a href&equals;"http&colon;&sol;&sol;www&period;foxconn&period;com" target&equals;"&lowbar;blank" rel&equals;"noopener" title&equals;"">Foxconn <&sol;a>Interconnect Technology&&num;8217&semi;s global expansion strategy&period;&&num;8221&semi; Foxconn will locate its manufacturing site close to Hyderabad&comma; namely in the Kongar Kalaan area of the Ranga Reddy district&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>This investment is a significant step for Foxconn&comma; the largest producer of iPhones in the world&comma; as it looks for methods to reduce its reliance on China due to a number of factors&comma; including the COVID-19 epidemic and supply chain worries&period; For Foxconn&comma; this investment is a huge step&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Apple has also been focusing on expanding its presence in the Indian market&period; Two new brick-and-mortar facilities for the company have recently opened&comma; one each in Delhi and Mumbai&period; Foxconn has acquired a huge parcel of land close to Bengaluru in addition to the state of Telangana&comma; where it plans to establish a second production location&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Separately&comma; press reports claim Apple and Tata have agreed to a production agreement for the next iPhone 15 and iPhone 15 Plus in India&period; Additionally&comma; these claims are making the rounds online&period; A brand-new Mac mini that is affordable and has the M2 and M2 Pro processors was also made available by Apple&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to the new MacBook Pro&comma; it can handle difficult tasks like effects rendering&comma; which is up to 6 times faster than the fastest MacBook Pro with an Intel processor&comma; and colour grading&comma; which is up to 2 times faster than the fastest MacBook Pro with an Intel processor&period; M2 Pro and M2 Max make both of these advancements possible&period;<&sol;p>&NewLine;