CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Apple is gearing up to expand its manufacturing footprint in India with the establishment of a fourth iPhone assembly plant.
This new facility, being developed by Tata Electronics, is expected to become operational in November 2024.
Located in Hosur, Tamil Nadu, the factory marks a significant step for Tata Electronics, which recently acquired a similar plant from Taiwanese company Wistron in Karnataka.
The new plant is situated on a sprawling 250-acre site, where Tata had previously set up a components unit three years ago.
The company is set to invest a substantial Rs 6,000 crore in the assembly plant, matching its earlier investment in the components unit.
This move underscores Tata’s growing involvement in Apple’s supply chain, particularly as Apple seeks to diversify its manufacturing operations away from China amid ongoing geopolitical tensions between China and the United States.
Recent News
◉ MEIL secures Rs 13,000 crore nuclear reactor contract - Apr 25,2025◉ EV firm PURE unveils 5MWh grid storage solution - Apr 25,2025
◉ Uppercase to establish its luggage manufacturing plant in Nashik - Apr 25,2025
◉ Titagarh-BHEL collaborate on Rs 24,000 crore project - Apr 25,2025
◉ RITES secures Rs 28 crore Rail Infra contract from Mahanadi Coalfields - Apr 25,2025
◉ HG Infra Engineering qualifies for major battery storage project by GUVNL - Apr 25,2025
◉ Servotech wins 4.1 MW Rooftop solar project from Waltair Division, East Coast Railway - Apr 25,2025