Chennai: Apple supplier Salcomp to invest USD279 million in new plant

Finland’s Salcomp, a supplier to US tech group Apple, is to invest 20 billion rupees in India to make mobile chargers and other smartphone components from March 2020, the country’s technology minister said on Monday.

Salcomp has reached an agreement to take over a facility, formerly owned by Nokia, in Chennai and will begin operations at the site by March, Ravi Shankar Prasad told a news conference.