“Foxconn and Coca-Cola to Create 25K Jobs in Hyderabad”

Major Industrial Developments in Hyderabad: Foxconn and Coca-Cola Announce Significant Investments

Hyderabad, Telangana – June 18, 2024

Foxconn’s Hyderabad Plant to Begin Operations in August, Creating 25,000 Jobs

Foxconn, Apple’s key manufacturing partner, is set to make a significant impact in Hyderabad with the launch of its new plant in August. Located near Hyderabad, this facility will initially create 25,000 jobs and is expected to eventually employ over 100,000 people. The plant will focus on manufacturing Apple’s AirPods, marking Foxconn’s first venture into producing audio devices for Apple in India.

The construction of the plant was completed in a remarkable one and a half years, significantly ahead of the initial timeline of two and a half years. This accelerated development highlights the efficient collaboration between Foxconn and local authorities. In March 2023, Foxconn Chairman Young Liu visited Hyderabad to sign a letter of intent with the Telangana state government, formalizing the company’s commitment to this major project.

Coca-Cola to Invest Rs 700 Crore in New Greenfield Plant in Telangana

In another major boost to Telangana’s industrial sector, Coca-Cola has announced a Rs 700 crore investment to establish a new greenfield plant in the Peddapalli district. This plant will be developed by Hindustan Coca-Cola Beverages (HCCB), the wholly-owned bottling arm of Coca-Cola in India. The new facility aims to expand Coca-Cola’s manufacturing capacity, enhancing the company’s ability to meet growing consumer demand in the region.

HCCB has already identified potential sites for the plant, with the selection process underway. This investment underscores Coca-Cola’s commitment to strengthening its production capabilities and its confidence in the economic prospects of Telangana.

Economic and Employment Benefits for Telangana

These significant investments by Foxconn and Coca-Cola highlight the dynamic industrial growth in Telangana. The Foxconn plant alone is poised to create a substantial number of jobs, contributing to local employment and economic development. Similarly, Coca-Cola’s new greenfield plant will enhance manufacturing infrastructure, providing numerous job opportunities and supporting the local economy.

The Telangana state government has been actively promoting the region as a prime destination for industrial investment. These new projects by globally recognized companies like Foxconn and Coca-Cola reflect the successful efforts of the government to attract major investments and drive economic growth.

Overall, the commencement of Foxconn’s operations and Coca-Cola’s expansion plans signal a promising future for Telangana, positioning the state as a key hub for manufacturing and industrial development in India.