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Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday.
India's southern state of Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai...
Apple is counting on India as the next big driver of its growth as the tech giant looks to diversify some production away from China, with Pegatron working towards a second factory in the country where Tata Group last year began to assemble iPhones.
The state has also listed seven mantras to achieve the dream: investments, human capital, innovation, market efficiency, governance, infrastructure, and holistic inclusive growth.
The money will go to areas such as infrastructure, technology, sustainability and data centres in the Indian state. Read more at straitstimes.com.