Pegatron, Tata to set up Apple products manufacturing plants in Tamil Nadu; jobs likely for 32,000 people

CHENNAI: Tamil Nadu is set to start 2021on a positive note on the industrial investments front by signing two major MoUs, among others, in the electronics manufacturing segment in January. The state is expected to formalize agreements with Taiwan-based Pegatron and Tata Electronics around Pongal festival to facilitate establishing units to manufacture Apple products, multiple sources said.

The Taiwan-based Pegatron is the second largest manufacturer of Apple products and has chosen Mahindra City as the site for its proposed plant in India. It is likely to invest around Rs1,200 crore in the first phase to employ about 14,000 people. A subsequent phase will see the company doubling its investment and employment potential, sources with leading international property advisories said.