The Tamil Nadu government has given the green light to a major investment by Yuzhan Technology (India), a unit of Taiwanese electronics giant Foxconn, amounting to Rs 13,180 crore. Foxconn, known for assembling Apple’s iPhones, plans to establish a smartphone display module assembly unit. This will be the first such facility in Tamil Nadu catering specifically to Apple, solidifying the state’s position as a key player in Apple’s supply chain.
As per a report by the Economic Times, Foxconn has secured 500,000 square feet at the ESR Oragadam Industrial & Logistics Park near Chennai, next to its smartphone assembly unit. The plant is expected to provide components to other contract manufacturers like Pegatron and Tata Electronics, reducing the need for imports from China. The Rs 13,000 crore investment is set to create 14,000 jobs and marks a significant step in the state’s growing role in global tech manufacturing.
Other major investments Among the other projects approved, Tata Motors is set to invest Rs 9,000 crore in Ranipet for manufacturing Jaguar Land Rover vehicles. Leap Green Energy Pvt Ltd will invest Rs 10,375 crore across various districts to support renewable energy initiatives, while Freetrend Industrial India is committing Rs 1,000 crore to a facility in Ariyalur. Several other companies, including Kaynes Circuits India, Ascent Circuits, and Lucas TVS, are also making significant investments in various regions of the state, contributing to Tamil Nadu’s in.
