According to Taiwan's Central News Agency, Hon Hai and Hongteng's 6088 Precision Technology announced today that Hongteng's Indian subsidiary invested about 1.96 billion Indian rupees (about NT $722 million) to acquire land in Hyderabad, the state of Telangana in southern India. For the construction of factories, R & D centers and dormitories. Hon Hai won an order for Apple's AirPods headphones and plans to spend $200m to build a factory in India to produce the wireless headphones, according to Reuters, citing people familiar with the matter in mid-March. Hongteng plans to start building a new plant in Terengana in the second half of this year, with production by the end of 2024 at the earliest.