Tata Group to set-up new unit for electronic component manufacturing in Chennai

New Delhi: Tata Group is in the process of setting up an electronic components unit in Chennai which will be operated by its subsidiary Tata Electronics, according to sources. A government official told that a Tata Group firm has applied for incentive at Meity but could not confirm other details.

“Tata Electronics will set up a precision electronics plant in Chennai. It will cater to requirements of all electronic companies and not specifically to a particular company. The investment details will be finalised once all the approvals are in place,” a person privy to the development said.