Photographer: Dhiraj Singh / Bloomberg
Photographer: Dhiraj Singh / Bloomberg
Taiwan’s Pegatron Corporation and Tata Electronics invest separately in the southern Indian state of Tamil Nadu to make mobile phones and parts.
Tata Electronics will invest 57.63 billion rupees ($ 790 million) to make mobile phone parts and Pegatron will invest 11 billion rupees to make mobile phones as part of its phase I investment, the Tamil government said Nadu in a statement Friday.
India has been successful in attracting global phone collectors who want to increase their dependence on China in the wake of the coronavirus pandemic and the trade tension between Beijing and Washington. In October, the Indian government gave him the nod 16 companies under the Production Connected Incentive program.
Other companies for investment in the state of Tamil Nadu include:
- Sun Edison to invest 46.29 billion rupees to make solar PV models
- Electric oil to invest 23.54 billion rupees to make electric vehicles, batteries