KTR the Minister for Industries today has launched the Fox Conn industry here in Hyderabad in an area of around two hundred acres. Minister Sabitha Indra reddy was also present here.
KTR said that Telangana is number two in the IT sector and making rapid progress.The investment is to the extent of Rs 17oo crore. The company will provide employment to around 35ooo employees in all.
The factory work will be completed in one years time said KTR. The company is located in Kongarakaln of RR district here. The Government will provide employment to another 15 lakh youth in the coming ten years the Minister assured.
Fox COnn MD Yang thanked the state Government for all the support. KTR said that the state has been making rapid strides in the industrial sector.
He explained about TSiPass where the companies are provided with the permissions in a single window system. He said that KCR was trying to create employment to the youth in every manner.
The state has become a role model for the states across the country in every sector he explained. He wanted the youth to come forward and become self-reliant and give jobs to others in the state.
The incubations centers are giving all the opportunities to give assistance to the budding businessmen in the state he assured.
