Tata Electronics to Manufacture iPhones in New ₹6,000 Crore Facility
Monday, 19 August 2024, 02:07
Tata Electronics: A New Era for iPhone Manufacturing
Tata Electronics is set to launch its state-of-the-art iPhone manufacturing facility in Hosur, Tamil Nadu, in November 2024. This ambitious project represents an investment of ₹6,000 crore, creating approximately 50,000 jobs, primarily for women. The facility is poised to become Apple's fourth operational hub in India, further enhancing the company's local production capabilities.
Strategic Importance of the Hosur Facility
- Boosting Local Employment: With a focus on employing women, Tata aims to empower a significant segment of the workforce.
- Manufacturing Capacity: The plant will significantly increase the production volume of iPhones in India, reducing dependency on imports.
- Supporting Apple's Growth: This facility aligns with Apple's strategy to expand its market presence in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.