Big Tech’s commitment of Rs 1,003 crore to build a cover glass plant near Chennai is a testament to the potential and attractiveness of Tamil Nadu as an investment destination.
US-based Bharat Innovative Glass Technologies Pvt Ltd, a joint venture between Optiemus Infracom Ltd and Corning International Corporation, plans to establish a new facility in Tamil Nadu with an outlay of Rs 1,003 crore. On Tuesday the company signed a memorandum of understanding with the Tamil Nadu government in the presence of Chief Minister M K Stalin.
The company will establish this facility at the SIPCOT Pillaipakkam Industrial Park in the Kanchipuram district. The new facility will manufacture front-cover glasses for electronic devices like mobile phones. New York-based Corning International, known for introducing Corning Gorilla Glass, is a crucial supplier to Apple and 45 other smartphone brands, including OnePlus and Samsung.
This development, in the backdrop of the $155 billion Indian electronics market, is a promising sign of growth and prosperity. The global shift in supply chains away from China and the Indian government’s production-linked incentives are further boosting electronics manufacturing. Tamil Nadu, with its existing key suppliers to Apple, is now set to become an even more significant hub for electronics manufacturing.
David Velasquez, vice president and general manager of Corning Gorilla Glass, states that by proactively assisting their customers in enhancing their supply chains, they are enabling more consumers in the region to benefit from Gorilla Glass’s renowned durability.
Tamil Nadu Chief Minister M K Stalin states that today’s ground-breaking for BIG Tech signifies a significant investment in the state’s industrial capabilities and further solidifies Tamil Nadu’s status as a centre for innovation and technological progress.
