“The centre will get started in the next couple of months and they feel that the city is the ideal location for setting up the centre.”

By | Published: 12:50 am

Hyderabad: Adding another feather to the IT cap of the State, China-based communication network equipment company Foxconn Industrial Internet will be setting up its Advanced Industrial Artificial Intelligence and Internet of Things Research and Development Centre in Hyderabad.

A subsidiary of Foxconn Technology Group the company develops and sells network switches, routers, wireless devices, web servers, set top boxes, smart home gateways, and other products and also manufactures storage equipment.

Without divulging details on the investment that the company will make, Sujai Karampuri, director of electronics, Telangana told Telangana Today, “While it is not right to speculate the investment that they are going to make, but the fact that they have chosen Hyderabad as their destination for setting an advanced AI and IoT R&D centre is a matter of great pride. The centre will get started in the next couple of months and they feel that the city is the ideal location for setting up the centre.”

He also added that the excellent talent pool – both in terms of industry and academia – Telangana government’s quick response to the proposal and the growth of the city have been the major reasons for choosing Hyderabad for the centre. “We have been engaging with Foxconn for quite some time, so it was natural choice for them to come to Hyderabad when they thought about setting up an R&D centre in AI and IoT,” Karampuri said.

Foxconn will be setting up the centre in collaboration with the academic and industrial ecosystem in India with Hyderabad as its base, a release by the company said. The agreement to set up the centre was signed by Michael Yang, director of business development, chairman’s office, Hon Hai, and Sujai Karampuri, director of electronics, Telangana.