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India rated as best alternative option for companies planning to relocate out of China February 12, 2021 India’s major advantage, the report says, is its strong logistics system   -  The Hindu× Foreign companies taking advantage of PLI scheme to expand their operations India, along with Vietnam, is rated as the best alternative options for companies which are planning to relocate their operations out of China, says a survey by Agility Logistics, a global logistics player. The US-China trade war first made companies, especially those in the US, to sit up and consider the possibility of de...

Representative image CHENNAI: Tamil Nadu is all set to become the new hub for manufacturing Apple products for the global market. The state cabinet, which met on Friday evening, cleared 34 industrial projects entailing investments of Rs 52,257 crore that includes component manufacturers for Apple such as Tata Electronics, Pegatron Corporation, Taiwan, and Luxshare of Taiwan. The investments will result in creating employment for around 94,000 people in the state. “With Tamil Nadu already hosting manufacturing facilities of Foxconn and Salcomp, the clearances for investments from Tata Elect...

Updated: Cabinet approves Tamil Nadu Industrial Policy 2021 Share Article AAA 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 manu...

Tata Electronics and Apple Inc's contract manufacturer Pegatron Corporation have obtained the Tamil Nadu Government's approval for their proposed investments in the state. The two proposal are among the 34 investment plans worth Rs 52,258 crore that were cleared by the Tamil Nadu Cabinet today. The state cabinet also cleared the Government’s new industrial policy for 2021 when it met this evening under the Chief Minister's chairmanship The proposed investments have the potential to create 93,935 jobs. They are mostly in sectors like electronics, auto mobile and auto components, including...