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Tamil Nadu Kicks off 2021 by Signing Two MoU in Electronics

Tamil Nadu has recently announced two major MoUs with Taiwan-based Pegatron and Tata Electronics, which has to be signed around Pongal festival. They have planned to establish units to manufacture Apple products.

ElectronicsIn this agreement, Tata Electronics is investing Rs 5,000 crore and will employ 18,000 people in the first phase. The company too has lined up higher investments and employment opportunities in subsequent phases.

It has already broken ground and started construction work at GMR SEZ near Hosur in Krishnagiri district. The MoU will formalize the investment plans and tune it in line with the state government’s investment incentives. When contacted by TOI, state government officials declined to comment.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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