- Tata Electronics will invest ₹5,763 crore for making mobile phone components while Pegatron will invest ₹1,100 crore to make mobile phones
- In October, the Indian government gave the nod to 16 companies under its Production Linked Incentive program
Taiwan’s Pegatron Corporation and Tata Electronics will invest separately in Tamil Nadu to make mobile phones and parts. Tata Electronics will invest ₹5,763 crore for making mobile phone components while Pegatron will invest ₹1,100 crore to make mobile phones as part of its phase I investment as per a statement by the Tamil Nadu government.
Ola Electric that will invest ₹2,354 crore to make electric vehicles, batteries
India has been successful in getting global phone assemblers that want to diversify their dependency on China. In October, the Indian government gave the nod to 16 companies under its Production Linked Incentive program.
The other companies to invest in Tamil Nadu state include Sun Edison to which will invest ₹4,629 crore to make solar PV modules and Ola Electric that will invest ₹2,354 crore to make electric vehicles, batteries.
