TATA Group will manufacture Apple products in India.


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Uploaded on Nov 5, 2020

PPT on TATA Group will manufacture Apple products in India.

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TATA Group will manufacture Apple products in India.

TATA Group will manufacture Apple products in India INTRODUCTION • Tata Group has forayed into the phone component manufacturing business and is investing Rs 5,000 crore to establish a manufacturing plant at the industrial complex in Hosur, Tamil Nadu. Source: 2 indiatimes.com MANUFACTURING PLANT • Tata Electronics, a new entity, was allotted 500 acres by TIDCO (Tamil Nadu Industrial Development Corporation) for the manufacturing plant at the industrial complex. Source: 3 indiatimes.com INVESTMENT • As per the report Tata Group’s investment in the facility might be hiked later, based on the level of sourcing, to as much as Rs 8,000 crore. Source: 4 moneycontrol.com NEW PLANT • Titan’s precision engineering arm Tata Engineering and Automation Ltd (TEAL) will aid in establishing the plant. • The new plant is expected to have a staff strength of 18,000 by October 2021, out of which 80% will be the women workforce. Source: 5 economictimes.com TAMILNADU OVER KARNATAKA • As per sources, Tamil Nadu edged out Karnataka in bagging this deal due to its favorable policies and the presence of smartphone companies like Foxconn, Flex, Samsung, Dell, Nokia, Motorola, and BYD, among others. Source: 6 economictimes.com Electronics Hardware Manufacturing Policy 2020 • Tamil Nadu government recently launched the Tamil Nadu Electronics Hardware Manufacturing Policy 2020 with an ambitious goal of increasing the electronics industry output to $100 billion by 2025. • It additionally aims to contribute 25% of India’s total electronic exports by the same year. Source: 7 economictimes.com LAND ALLOTMENT • The land has been allotted to a new entity of Tata Group called Tata Electronics. • The report mentions that the Bhoomi Pujan, an inauguration ceremony of the land for the facility, was held on October 27. Source: 8 economictimes.com COMPONENTS MANUFACTURING • The new plant will manufacture components for Apple iPhone. • However the Tata plant might be meant for components instead of overall smartphone assembly and manufacturing. Source: 9 businesstoday.in APPLE'S CONTRACT MANUFACTURERS • Currently, Apple's contract manufacturers Foxconn, Wistron assemble iPhone 11 in the country, while Pegatron is setting up its India unit. Source: 1 businesstoday.in 0 PRODUCTION-LINKED INCENTIVE (PLI) SCHEME • The union cabinet had approved a production-linked incentive (PLI) scheme worth Rs 40,995 crore to boost electronics manufacturing in the country. Source: 1 businesstoday.in 1