Apple Supplier Jabil Mulls INR 2,000 Cr Plant In Trichy

Share via:


SUMMARY

This will create 5,000 jobs and create a new cluster for electronics manufacturing, said the Tamil Nadu CM MK Stalin

With Jabil’s entry into the state, Tamil Nadu now hosts several major Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Corning

Jabil, a supplier to Cisco and HP, will establish a major new facility in Trichy, marking one of the first significant investments in the area

Apple supplier Jabil is reportedly planning to invest INR 2,000 Cr to build an electronics manufacturing facility in Tamil Nadu’s Trichy.

Tamil Nadu CM MK Stalin announced this development on Tuesday (September 10) on X, highlighting it as one of three major announcements secured by the state government.

“A significant investment of INR 2,000 Cr at Tiruchirapalli by Jabil, a global leader in EMS. This will create 5,000 jobs and create a new cluster for electronics manufacturing,” he said in a post on X (formerly Twitter).

The Memorandum of Understanding (MoU) was signed between Jabil officials and the Tamil Nadu state delegation. With Jabil’s entry into the state, Tamil Nadu now hosts several major Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Corning.

Jabil, a supplier to Cisco and HP, will establish a major new facility in Trichy, marking one of the first significant investments in the area. This move is expected to create a new electronics cluster similar to the ones in Sriperumbudur and Hosur with Tata Electronics.

The minister said that, besides Jabil, two other investments were secured for the state– Rockwell Automation will expand its manufacturing in Kanchipuram with a INR 666 Cr investment, creating 365 jobs, and an MoU with Autodesk aims to skill youth and boost MSMEs and startups, strengthening the overall industrial ecosystem.

In recent times, many electronics companies have significantly expanded their footprint in India, with Foxconn, Wistron, Tata Electronics, and Kaynes Technology leading this trend.

This development follows reports that Apple supplier Foxconn plans to invest an additional INR 13,911 Cr ($1.67 Bn) in Karnataka. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple Supplier Jabil Mulls INR 2,000 Cr Plant In Trichy


SUMMARY

This will create 5,000 jobs and create a new cluster for electronics manufacturing, said the Tamil Nadu CM MK Stalin

With Jabil’s entry into the state, Tamil Nadu now hosts several major Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Corning

Jabil, a supplier to Cisco and HP, will establish a major new facility in Trichy, marking one of the first significant investments in the area

Apple supplier Jabil is reportedly planning to invest INR 2,000 Cr to build an electronics manufacturing facility in Tamil Nadu’s Trichy.

Tamil Nadu CM MK Stalin announced this development on Tuesday (September 10) on X, highlighting it as one of three major announcements secured by the state government.

“A significant investment of INR 2,000 Cr at Tiruchirapalli by Jabil, a global leader in EMS. This will create 5,000 jobs and create a new cluster for electronics manufacturing,” he said in a post on X (formerly Twitter).

The Memorandum of Understanding (MoU) was signed between Jabil officials and the Tamil Nadu state delegation. With Jabil’s entry into the state, Tamil Nadu now hosts several major Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Corning.

Jabil, a supplier to Cisco and HP, will establish a major new facility in Trichy, marking one of the first significant investments in the area. This move is expected to create a new electronics cluster similar to the ones in Sriperumbudur and Hosur with Tata Electronics.

The minister said that, besides Jabil, two other investments were secured for the state– Rockwell Automation will expand its manufacturing in Kanchipuram with a INR 666 Cr investment, creating 365 jobs, and an MoU with Autodesk aims to skill youth and boost MSMEs and startups, strengthening the overall industrial ecosystem.

In recent times, many electronics companies have significantly expanded their footprint in India, with Foxconn, Wistron, Tata Electronics, and Kaynes Technology leading this trend.

This development follows reports that Apple supplier Foxconn plans to invest an additional INR 13,911 Cr ($1.67 Bn) in Karnataka. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

ICAI Says Probe Into Alleged Audit Lapses At BYJU’S...

SUMMARY ICAI president Ranjeet Kumar Agarwal has revealed that...

MobiKwik Shares Surge 12.5% To INR 549.80 

SUMMARY The broader benchmark indices showed recovery today with...

Ranjita Ghosh: Wipro elevates Ranjita Ghosh as new global...

Indian IT major Wipro on Monday announced the...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!