Foxconn eyes Hyderabad investment, CM Reddy pitches 'fourth city' project

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Foxconn eyes Hyderabad investment, CM Reddy pitches 'fourth city' project - Business Standard

Quick Summary:

Foxconn Chairman Young Liu met with Telangana Chief Minister A Revanth Reddy in New Delhi and the latter invited the company to invest in a proposed "fourth city" to be developed on the outskirts of Hyderabad.

Taiwanese electronics major Foxconn has expressed interest in exploring investment opportunities in Hyderabad, Telangana government said on Friday.

"Liu said Foxconn is eager to explore investment opportunities in Hyderabad," an official statement from the Telangana government said.