Tata Group plans to build one of India’s biggest iPhone assembly plants as Apple’s ambitions to increase manufacturing in the South Asian country. Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to sources.
The facility will likely have about 20 assembly lines and employ 50,000 workers within two years, as per sources, who decline to be name discussing unannounce plans.
The goal is for the site to be operational in 12 to 18 months.
The plant would boost Apple’s efforts to localise its supply chain and strengthen its partnership with Tata, which already has an iPhone factory it acquire from Wistron in the neighbouring Karnataka state.
Apple is diversifying its operations away from China by working with assembly and component manufacturing partners in India, Thailand, Malaysia and elsewhere.
An Apple spokesman decline to comment and a Tata representative didn’t respond to a request for comment.
The Indian conglomerate has taken other steps to increase its business with Apple and expand beyond its traditional businesses that range from salt to software.
It has accelerate hiring at its existing facility in Hosur, where it produces iPhone enclosures, or metal casings.
Tata has also said it’ll launch 100 retail stores focus on Apple products.
Apple has open two stores in the nation and is planning three more.
Prime Minister Narendra Modi’s production-link subsidies have spurred Apple’s key suppliers such as Taiwan’s Foxconn and Pegatron to ramp up in India.
Which help Apple assemble more than $7 billion of iPhones in India in the previous fiscal year, increasing the country’s share of the device’s production to about 7%.
The rest are assemble in China, which until a few years ago made all of them.
The new plant is set to be mid-size among iPhone factories globally.
It would likely be bigger than the one Tata acquire from Wistron, which employs more than 10,000 people, and smaller than Foxconn’s biggest China facilities that employ hundreds of thousands.
Apple and Tata could likely urge the government to award subsidies for the new factory as it’s expect to begin production just as previous state-back financial incentives are set to expire.
Tata Submits Application to Set Up Semiconductor Plant in Assam : Himanta Biswa Sarma
Tata Group has submit an application to set up a semiconductor processing plant in Assam with an investment of Rs 40,000 crore, Assam CM Himanta Biswa Sarma.
Assam CM Himanta Biswa Sarma said in a post on X :
“Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs. 40,000 crore. This will be a game-changer. My gratitude to Prime Minister Narendra Modi for his continuous guidance in transforming our state,”.
Himanta Biswa Sarma launch a portal to start the application submission process of Mukhya Mantri Atmanirbhar Asom at a function held at Lok Sewa Bhawan in Guwahati.
CM Himanta Biswa Sarma said that to create avenues of self-employment and make the youth of Assam self-reliant, the Chief Minister’s Atmanirbhar Assam Abhiyan was launch on 23rd September 2023.
Himanta Biswa Sarma said that under the Abhiyan, steps will be taken to empower two lakh youth for entrepreneurial ventures.
The beneficiaries under the scheme are entitle to receive Rs 2 lakhs in two instalments as a combination of government grants plus interest-free government loans to establish micro-enterprises or service units.
Chief Minister said that the scheme plans to target two lakh eligible beneficiaries over the next two years.
Himanta Biswa Sarma said that each of the two lakh youth will be given Rs. 2 lakh.
Out of this, Rs 1 lakh will be given as a government subsidy and the remaining Rs. 1 lakh will have to be return after the completion of 5 years of their business without any interest.
CM Himanta Biswa Sarma said that the scheme was launch to empower the youth financially and make them eligible for other loans from the central government.
Himanta Biswa Sarma said that the web portal create for the scheme has so far witness the registration of 2,29,145 beneficiaries.
CM also said that 1591 youth having professional degrees will be entitle to a loan amounting to Rs. 5 lakh under the scheme, of which 50% will be government subsidy and the remaining 50% will be an interest-free loan.
Chief Minister Himanta Biswa Sarma also said that the state has already witness a robust industrial climate.
