Foxconn: Taiwan's leading electronics company Foxconn has shown interest in exploring investment opportunities in Hyderabad, the Telangana government said on Friday. Foxconn Chairman Young Liu met Telangana Chief Minister A Revanth Reddy in New Delhi and Reddy invited the company to invest in the "fourth city" to be developed on the outskirts of Hyderabad.

Foxconn is keen to explore investment opportunities in Hyderabad

Reddy assured Liu of full support, including necessary permits and incentives, to set up a factory in the state. According to an official statement from the Telangana government, "Liu said Foxconn is keen to explore investment opportunities in Hyderabad."

The Foxconn chairman said Hyderabad has the potential to expand in all sectors, including industrial and service. Liu also said a team led by Foxconn's chief campus operations officer Cathy Yang and India representative Wei Li would make an initial visit. He said he would make a personal visit later.

The city will also have a Yuva Bharat Skill Development University

Outlining the development plans for the proposed "fourth city", Reddy said it would focus on multi-faceted development in sectors such as education, medicine, sports, electronics, the electrical industry, and skill development. The city will also have a Yuva Bharat Skill Development University. Industrialists Anand Mahindra and Srinivasa Raju have been appointed chairman and vice chairman of the university respectively.