CHENNAI: Tata Electronics will invest close to Rs 4,700 crore in a mobile phone component
plant at Krishnagiri in Tamil Nadu. This is part of the MoUs signed by the Tamil Nadu government on Tuesday with 28 companies in sectors like electric vehicles, wind energy, auto components, city gas and textiles, attracting a cumulative investment of Rs 28,053 crore.
Tata Electronics will manufacture mechanical enclosures for mobile phones at a plant in Krishnagiri, where it will invest Rs 4,684 crore. The facility is expected to provide employment to 18,250 people.
Similarly, Pegatron Corporation, Taiwan, is setting up a smartphone manufacturing unit at Mahindra World City, Chengalpattu near Chennai at an investment of Rs 1,100 crore. It hopes to commence production in about four months and provide employment to over 14,000 people.
Taipei-based Pegatron is the second largest contract manufacturer of iPhone. Chennai-based Sun-Edison is investing Rs 1,423 crore in a solar…