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Apple Vendor Pegatron, Tata Electronics To Manufacture Smartphones, Electronic Components In Tamil Nadu
Tamil Nadu CM Edappadi Palaniswami
In a boost to investments and employment generation in Tamil Nadu, Taiwanâs Pegatron Corporation and Tata Electronics plans huge investments in Tamil Nadu to make mobile phones and its components, reports
LiveMint.
While Tata Electronics plans to invest Rs 5,763 crore to manufacture mobile phone components, Pegatron will invest Rs 1,100 crore to make mobile phones as part of its phase I investment.
The manufacturing plant of Tata Electronics will come up in Krishnagiri district of the state and is likely to create 18,250 jobs.
Updated:
Cabinet approves Tamil Nadu Industrial Policy 2021
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Cabinet approves Tamil Nadu Industrial Policy 2021
The Tamil Nadu Cabinet on Friday accorded approval for 34 major proposals for investments to the tune of ₹52,257 crore in the State. The Cabinet meeting, chaired by Chief Minister Edappadi K. Palaniswami at the Secretariat, also cleared the Tamil Nadu Industrial Policy 2021, which will be unveiled soon.
The investments are likely to create over 93,000 jobs in the electronics, automobile and auto components sectors, including electric vehicles and solar cell manufacturing, according to an official release. “The incentive packages have been customised to suit the requirements of each investor,” it said. The government had entered into facilitation memoranda of understanding (MoUs) with some investors to enable them to undertake preliminary works. “Now, with the Cabinet approval, detailed legally binding MoUs will be executed,” the release sa