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It's raining investments: Pegatron, Tata Electronics, others ink pacts worth over Rs 30,000 cr with Tamil Nadu Govt

Economic Times

Economic Times · 1y ago

It's raining investments: Pegatron, Tata Electronics, others ink pacts worth over Rs 30,000 cr with Tamil Nadu Govt

Tata Electronics is set to sign a memorandum of understanding (MoU) worth ₹12,000 crore with the Tamil Nadu government. The MoU aims to establish an electronic manufacturing cluster in Krishnagiri district, generating employment opportunities for the local population. This initiative is part of the government's efforts to promote electronics manufacturing in India and boost the country's self-reliance in the sector.

Related News

Apple Supply Chain Expands in Tamil Nadu

StartupTalky

StartupTalky · 1m ago

Apple Supply Chain Expands in Tamil Nadu

Apple's supply chain is expanding in Tamil Nadu with a significant INR 30,000 crore investment, expected to create 60,000 jobs. Driven by strong infrastructure and talent, Apple suppliers are setting up manufacturing in the state. The Tamil Nadu Electronics Components Manufacturing Scheme offers incentives comparable to national schemes to attract companies. Major suppliers include Foxconn, Tata Electronics, and Pegatron. This move is part of Apple's strategy to diversify its supply chain beyond China.

Tata Electronics To Buy Majority Stake In Pegatron’s TN iPhone Plant

Inc42 · 9m ago

Tata Electronics To Buy Majority Stake In Pegatron’s TN iPhone Plant

Tata Electronics and Pegatron's iPhone unit plan to form a joint venture in Tamil Nadu, with Tata Electronics holding a 60% stake. The Tata Group subsidiary may pay $150-200 million for the stake. Earlier this year, there were discussions for Tata Electronics to hold a 65% stake in a joint venture with Pegatron for their plant in Hosur.

Pegatron In Talks With Tata To Hand Over Control Of iPhone Factory In Tamil Nadu

Inc42 · 1y ago

Pegatron In Talks With Tata To Hand Over Control Of iPhone Factory In Tamil Nadu

Taiwanese electronics major Pegatron is reportedly in advanced talks with India's Tata Group to hand over control of its iPhone manufacturing facility in Tamil Nadu. Tata plans to hold at least a 65% stake in a joint venture with Pegatron, which will operate the manufacturing plant. The deal has received Apple's backing, and discussions between Tata and Pegatron are expected to close in six months. This move is part of Apple's efforts to diversify its supply chain beyond China, with India emerging as a key beneficiary.

TN’s Electronic Manufacturing Push: Apple Supplier Jabil Mulls INR 2,000 Cr Plant In Trichy

Inc42 · 11m ago

TN’s Electronic Manufacturing Push: Apple Supplier Jabil Mulls INR 2,000 Cr Plant In Trichy

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.

Apple supplier Jabil to set up manufacturing facility in Trichy for Rs 2,000 crore

Economic Times

Economic Times · 11m ago

Apple supplier Jabil to set up manufacturing facility in Trichy for Rs 2,000 crore

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.

Tata, Pegatron in partnership talks for iPhone assembly in Tamil Nadu

Economic Times

Economic Times · 1y ago

Tata, Pegatron in partnership talks for iPhone assembly in Tamil Nadu

Tata Group is reportedly in discussions with Pegatron, Apple's major supplier, for a potential partnership to manufacture iPhones in Tamil Nadu, India. The move comes as part of India's efforts to become a global smartphone manufacturing hub and reduce its dependence on Chinese manufacturing. If the deal goes through, it would be a significant boost for India's electronics manufacturing sector and attract more investment from global tech giants.

Tata in talks with Pegatron to set up iPhone assembly in Tamil Nadu: Report

Livemint

Livemint · 1y ago

Tata in talks with Pegatron to set up iPhone assembly in Tamil Nadu: Report

Indian conglomerate Tata Group is reportedly in advanced discussions with Taiwan's Pegatron to establish a joint venture for manufacturing iPhones in Tamil Nadu. By partnering with Pegatron, Tata aims to accelerate its plans to start iPhone production, while also helping Apple expand its operations in India. The joint venture would see Pegatron providing technical and engineering support at the new assembly plant in Hosur City. This move would allow Apple to diversify its manufacturing beyond China and mitigate the impact of US-China tensions on its business.

Apple's India iPhone output hits $14 billion: report

Economic Times

Economic Times · 1y ago

Apple's India iPhone output hits $14 billion: report

Apple Inc has reportedly manufactured $14 billion worth of iPhones in India during fiscal 2024, accounting for around 14% of its flagship devices. Manufacturing companies such as Foxconn, Pegatron Corp, and Wistron Corp have contributed to this production. This move by Apple indicates a shift in its supply chain strategy to reduce dependence on China amid ongoing geopolitical tensions. Pegatron is also in talks to give control of its iPhone manufacturing facility in Tamil Nadu to the Tata Group.

Foxconn plans $1 billion display assembly unit in Tamil Nadu

Economic Times

Economic Times · 11m ago

Foxconn plans $1 billion display assembly unit in Tamil Nadu

Taiwanese contract manufacturer Foxconn is considering investing $1 billion to establish a smartphone display module assembly unit in Tamil Nadu, India. While primarily aimed at serving Apple for iPhone production, the unit could also be used by other contract manufacturers like Pegatron or Tata Electronics. As India heavily relies on imports for display modules, Foxconn's facility could help reduce costs and supply chain complexities. India currently sources 60-65% of its display module imports from China. Foxconn's establishment of a local assembly operation could shorten lead times and costs for brands.

Tata To Partially Restart Operations At Fire-Hit iPhone Unit in Hosur

Inc42 · 11m ago

Tata To Partially Restart Operations At Fire-Hit iPhone Unit in Hosur

- Tata Electronics to resume operations at fire-hit iPhone facility in Hosur, Tamil Nadu. - A major fire broke out at the Tata Electronics' iPhone plant last week. - Production at the facility was suspended indefinitely following the fire incident. - Apple has sent a supplier responsibility team to assess the situation and provide guidance to the contract manufacturer. - Tata Electronics is now working on restoring and reopening the facility.

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