Apple has started manufacturing its mobile phones in India. The Tata group will invest Rs 5,000 crore to set up a spare parts project for Apple at an industrial complex in Hosur, Tamil Nadu. Although the Tata group and Tamil Nadu Govt have not yet confirmed this report, But sources said that the project will produce the necessary spare parts for Apple.
The Tata Group will invest Rs 5,000 crore to create a facility that will manufacture components for iPhone-maker Apple. Tata Electronics, a new entity, was allotted 500 acres by TIDCO (Tamil Nadu Industrial Development Corporation) for the manufacturing plant at the industrial complex in Hosur, Business Line reported.
Tata Group’s investment in the facility might be hiked later, based on the level of sourcing, to as much as Rs 8,000 crore, the report said.
Titan Engineering and Automation (TEAL), a unit of Titan, will provide the expertise for setting up the production facility, the report said.
According to the report, the Bhoomi Pujan of the facility was held on October 27.
The manufacturing plant will have 18,000 employees by October 2021, of which 90 percent will be women, the report added.
Apple’s contract manufacturer Foxconn already assembles the iPhone 11 at a plant in Sriperumbudur, Tamil Nadu.
The report stated that there was competition between states for the facility, with Tamil Nadu beating Karnataka to bag the project.
