T-Works CEO Sujay Karmapuri briefs Foxconn Chairman Young Liu about the facilities during the inauguration of the hardware prototyping center in the presence of Industry and IT Minister KT Rama Rao, in Hyderabad on Thursday. , photo credit: arrangement
Young Liu, chairman of electronics contract manufacturing major Foxconn, on Thursday praised the pace of progress in Telangana and expressed confidence that the state, where the firm had expressed its intention earlier in the day to set up a manufacturing facility, would be able to double its revenue. will help.
“Very impressed… at the pace of Telangana [of work] So fast,” he said at the inauguration of T-Works, the state government’s hardware prototyping centre, which is an integral part of the world’s largest innovation complex, besides being set to emerge as the largest of its kind in the country. IT hub of Hyderabad.
Describing how everything about Hyderabad, from the time it took to land at the airport to the short notice arrangements made at the two potential construction sites, impressed Mr. Liu, Mr. Liu said, “When I arrived here … I asked myself is this India? Chief Minister K. Referring to his meeting with Chandrasekhar Rao and a video on the state’s achievement in the last seven years, he said the progress made by Telangana under KCR left him amazed.
smt assembly line
Appreciating T-Works and the short time it has taken shape, he urged the innovators to make use of the opportunity available as a maker lab. Foxconn will donate an SMT (Surface Mount Technology) industrial-level assembly line to T-Works, Mr. Liu announced. Earlier, he along with Industries and IT Minister KT Rama Rao visited the facility. The first phase of T-Works is spread over 78,000 sq ft and is equipped with a range equipment and machinery that will help transform the ideas of innovators, be it individuals or organisations, into prototypes. T-Works will eventually be a 2.50 lakh sq ft facility and will house many more machinery. A laser show, live performances and a kabuki drop inaugurated the facility.
A laser show and fireworks were held at the inauguration of T-Works in Hyderabad on Thursday. , photo credit: arrangement
Sources said the Foxconn delegation was shown two sites on the outskirts of Hyderabad for the manufacturing facility under consideration. The locations are in Dundigul and Kongara Kalan and the Taiwanese firm is looking for a large plot of about 200 acres for the facility. Responding to media questions after the T-Works event, Mr Liu said Foxconn’s proposed facility would help create 1 lakh jobs in the state. “We are considering a site … have yet to decide on the products that we can [manufacture here]…it is being evaluated…an announcement on investment will be made [later],
Mr. Rama Rao said that the first phase of T-Works was just the tip of the iceberg in terms of what was possible through such facilities, in terms of fostering innovation. Thanking Foxconn for the jobs announcement, the minister said that Hyderabad could become the next manufacturing hub for Foxconn. “With India’s software prowess and Taiwan’s hardware expertise, we can lead an industrial revolution and enable the youth to come out with world-class products,” he added.
T-Works CEO Sujai Karmapuri said the facility had equipment worth ₹11.5 crore, which was expected to increase to ₹110 crore by the end of the year.