Home News Apple iPhone component plant to be set up in Tamil Nadu thanks to Tata Group: report

Apple iPhone component plant to be set up in Tamil Nadu thanks to Tata Group: report

Tata Group is reportedly investing Rs 5,000 crores to set up a component manufacturing plant for Apple in Tamil Nadu.

Highlights

Tata Group will invest Rs 5,000 crore to set up a phone component manufacturing plant at the industrial complex in Hosur, Tamil Nadu, according to a report by The Hindu BusinessLine. Tata Electronics has been allocated 500 acres by the Tamil Nadu Industrial Development Corporation. The investment will be increased depending on the level of sourcing from the facility and may even touch Rs 8,000 crores. Sources further add the plant will manufacture phone components for Apple, as the company is increasingly looking towards India as a new base.

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