📋 Tender Overview
Yuzhan Technology (India) Pvt Ltd, an arm of Taiwanese electronics major Foxconn, will invest over Rs 13,000 crores in Tamil Nadu to manufacture components for smartphones, primarily to cater to Apple Inc.
Yuzhan's manufacturing unit will come up at the ESR Industrial Park in Oragadam near Sriperumbudur, where Foxconn currently operates its largest facility outside China and employs over 41,000 people, assembling Apple iPhones.
Yuzhan Technology (India) Pvt Ltd will invest Rs 13,180 crores and provide jobs to 14,000 people. Yuzhan will manufacture various components for mobile phones, notably display modules, to reduce the dependence on import of such materials from China.
The facility will primarily cater to Foxconn's client, Apple, and will roll out components that go into iPhones. Not just display modules, but several other parts will also be manufactured from here. Display modules and other key components being made in India will come as a big boost to the electronics ecosystem in Tamil Nadu which is home to almost all key suppliers of Apple like Pegatron, Salcomp, Tata Electronics, who already have massive production units.
This investment is part of our efforts to move up the value chain from electronics manufacturing services (EMS) to component manufacturing. Production of display modules in Tamil Nadu shows Apple's trust in the state's ecosystem and human resource.
