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

This would lead to the hiring of about 25,000 more workers. KT Rama Rao, a minister for Telangana, made the remark on the news today.

The most significant Apple supplier, Foxconn, has declared its intention to invest $500 million in Telangana, an Indian state. There would be about 25,000 new jobs created as a result of this. KT Rama Rao, a minister for Telangana, made the remark on the news today.

I’m happy to announce that the first Foxconn factory in Telangana had its groundbreaking ceremony today in Kongar Kalaan. This event will showcase “Telangana Speed.” According to Rao, the initiative will invest more than $500 million and create 25,000 direct jobs in the first phase.

According to a joint statement from the Telangana state government and Foxconn, the new plant “is a promise to continue delivering world-class products to the markets, and a milestone for Foxconn Interconnect Technology’s global expansion strategy.” Foxconn will locate its manufacturing site close to Hyderabad, namely in the Kongar Kalaan area of the Ranga Reddy district.

This investment is a significant step for Foxconn, the largest producer of iPhones in the world, as it looks for methods to reduce its reliance on China due to a number of factors, including the COVID-19 epidemic and supply chain worries. For Foxconn, this investment is a huge step.

Apple has also been focusing on expanding its presence in the Indian market. Two new brick-and-mortar facilities for the company have recently opened, one each in Delhi and Mumbai. Foxconn has acquired a huge parcel of land close to Bengaluru in addition to the state of Telangana, where it plans to establish a second production location.

Separately, press reports claim Apple and Tata have agreed to a production agreement for the next iPhone 15 and iPhone 15 Plus in India. Additionally, these claims are making the rounds online. A brand-new Mac mini that is affordable and has the M2 and M2 Pro processors was also made available by Apple.

According to the new MacBook Pro, it can handle difficult tasks like effects rendering, which is up to 6 times faster than the fastest MacBook Pro with an Intel processor, and colour grading, which is up to 2 times faster than the fastest MacBook Pro with an Intel processor. M2 Pro and M2 Max make both of these advancements possible.