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The Indian tech scene is witnessing a significant shift as Tata Electronics, a leading player in the industry, prepares to invest a substantial Rs 6,000 crore in a new iPhone assembly plant. This move marks a crucial step in Apple's ongoing strategy to diversify its manufacturing operations beyond China, seeking greater resilience and stability in its supply chain amidst geopolitical tensions. The new facility, located in Hosur, Tamil Nadu, is expected to be fully operational by November 2024 and promises to be a major boost to the Indian economy, particularly in the employment sector.
This investment is not merely an isolated event but rather a testament to Tata's growing involvement in Apple's global supply chain. The company recently acquired a similar plant from Wistron in Karnataka, showcasing its commitment to bolstering India's position as a central hub for iPhone manufacturing. The new assembly plant is set to be built on a sprawling 250-acre site where Tata previously established a components unit three years ago. This signifies a long-term vision for the company to become a cornerstone of Apple's manufacturing operations in India.
The scale of this project is impressive. The assembly unit alone is projected to generate employment for 35,000 to 40,000 workers, making it the largest iPhone manufacturing facility in India. Furthermore, the plant is expected to create over 50,000 jobs in total, with a focus on employing women. This commitment to inclusivity not only benefits individual workers but also aligns with India's broader efforts to promote gender equality in the workforce. The plant's location in Hosur, strategically chosen for its proximity to existing infrastructure and a skilled workforce, is expected to contribute significantly to the local economy and regional development.
Source: Tata to invest Rs 6000 crore in 4th iPhone plant, will be operational from November ’24