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Apple supplier Jabil eyes two more India units with $275 million investment
Economic Times
·
8m ago
Medial
Apple supplier Jabil is planning to invest $250-275 million in India to build two new manufacturing units over the next few years. Currently, Jabil operates two units in Pune and proposes to set up another unit in Tamil Nadu. The investment comes as Jabil aims to expand its operations in India, which is a rapidly growing market for iPhones. Jabil has been producing plastic casings for Apple AirPods and intends to venture into making plastic casings for chargers, older iPhone models, AirPods, and components for Apple watches and Mac.
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Apple supplier Jabil eyeing more AirPods casing from India plants
Economic Times
·
2m ago
Medial
Apple supplier Jabil plans to enhance AirPods casing production in India by utilizing a new facility in Trichy, Tamil Nadu, aligning with Apple's strategy to diversify its supply chain away from China. Currently producing in Pune, Jabil is evaluating expanding its manufacturing footprint to better serve Apple's growing Indian market initiatives. The strategic move follows industry reports indicating increased Indian manufacturing activities for Apple, reflecting broader global supply chain realignments amid geopolitical uncertainties.
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Apple supplier Jabil to set up manufacturing facility in Trichy for Rs 2,000 crore
Economic Times
·
10m ago
Medial
Apple supplier Jabil plans to establish a manufacturing facility in Trichy with an investment of Rs. 2000 crore, according to Tamil Nadu CM MK Stalin. This move is expected to create around 5000 jobs and develop a new cluster for electronics manufacturing. Jabil's decision to expand in Tamil Nadu aligns with Apple's focus on increasing its presence in India. Additionally, the state has attracted other major Apple suppliers such as Foxconn, Pegatron, Tata Electronics, and Corning. Alongside Jabil's investment, two other investments were secured for the state, including an expansion by Rockwell Automation and a collaboration with Autodesk to boost skills and support MSMEs and startups.
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TN’s Electronic Manufacturing Push: Apple Supplier Jabil Mulls INR 2,000 Cr Plant In Trichy
Inc42
·
10m ago
Medial
Jabil, a supplier to companies like Cisco and HP, is set to establish a new facility in Trichy, Tamil Nadu. This move is expected to create 5,000 jobs and boost electronics manufacturing in the region. With Jabil's entry, Tamil Nadu becomes home to several major Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Corning. This investment by Jabil is seen as one of the first significant investments in Trichy and will contribute to the growth of the local economy.
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Jabil invests $125 mn in Gujarat for silicon photonics unit
Inshorts
·
4m ago
Medial
Apple vendor Jabil plans to establish a silicon photonics manufacturing factory in Gujarat with an investment of around $125 million. As per news agency PTI, the electronics manufacturing company signed a memorandum of understanding (MoU) with the Gujarat government for setting up the plant during the IESA Vision Summit in the state capital Gandhinagar.
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Gujarat eyes 1,500 apartments to house Tata fab staff, suppliers
Economic Times
·
1m ago
Medial
The Gujarat government is developing 1,500 residential units in Dholera to accommodate Tata Group employees and suppliers involved in India’s first semiconductor fabrication unit. Currently, 275 apartments are available; 250 are occupied. An additional 1,000 apartments will be ready by early next year. These facilities are part of the Dholera Special Investment Region, which includes various amenities. Tata Electronics’ project, costing Rs 91,000 crore, is expected to generate over 20,000 jobs.
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India to soon manufacture semiconductor equipment: IT Minister Ashwini Vaishnaw
Economic Times
·
1y ago
Medial
India's IT minister, Ashwini Vaishnaw, announced plans for India to manufacture equipment for semiconductor manufacturing. The country aims to establish the entire semiconductor ecosystem, including fabs, ATMP units, chemicals, gases, substrates, consumables, and equipment. This announcement was made at the inauguration of Applied Materials' India Validation Centre, a $20 million facility in Bengaluru. Applied Materials, an American chip equipment supplier, will also be setting up an engineering center in Bengaluru with a total investment of $400 million over four years. India is making progress in the semiconductor hardware ecosystem, and partnerships with foreign companies are helping to develop the sector further.
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Apple Investment Plans in India Intact, Proposes India to be Major Manufacturing Base: Source
OutlookIndia
·
1m ago
Medial
Apple plans to maintain India as a key manufacturing hub, despite remarks from U.S. President Trump favoring increased production in the U.S. Apple executives assured Indian officials that their investment strategies remain unchanged. Foxconn, a major Apple supplier, has commenced manufacturing Apple AirPods in Telangana for export, demonstrating ongoing commitment. India contributes significantly to global iPhone manufacturing, with 15% of output, and supports a large job market through Apple's ecosystem.
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Japan’s Daikin to make India its base
Internet
·
1y ago
Medial
Daikin plans to make India its manufacturing hub, producing two million units in FY25. Since entering India in 2004, Daikin has invested over ₹2,000 crore, with an FY24 turnover of ₹10,500 crore. They operate three manufacturing units and three R&D centres. Daikin aims to produce five million units by 2030.
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Jabil’s massive ₹2,000 crore investment in Trichy to create 5,000 jobs | Mint
Livemint
·
10m ago
Medial
Electronics manufacturer Jabil has announced a ₹2,000 crore investment in a new facility in Trichy, Tamil Nadu. The project is expected to create around 5,000 jobs and strengthen the state's industrial sector. This investment aligns with the presence of other major Apple suppliers in Tamil Nadu, including Foxconn and Pegatron. Additionally, the state's Chief Minister, MK Stalin, announced expansion plans by Rockwell Automation, an agreement with Autodesk to support MSMEs and startups, and an expansion of Eaton's R&D center in Chennai. Discussions were also held with Apple, Google, and Microsoft regarding potential investments in the state.
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Criterion Africa Partners to onboard returning LP for third private equity fund
VCCircle
·
4m ago
Medial
Criterion Africa Partners, an American private equity firm, is planning to onboard a returning limited partner for its third private equity fund. The firm, specializing in forestry value chain assets in sub-Saharan Africa, manages over $275 million across two funds. With headquarters in Maryland, Criterion Africa Partners focuses on investment strategies that leverage their expertise in forestry and related sectors to drive growth and sustainability within their investment portfolio.
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