INSUBCONTINENT EXCLUSIVE:
In recent times, Tamil Nadu has seen a spike in electronics exports, primarily due to the rise in iPhone exports | (Photo: Shutterstock)2
min read Last Updated : Sep 10 2024 | 7:36 AM IST
Jabil Inc, an American multinational contract manufacturer for Apple, will set up an
electronics manufacturing facility in Tiruchirapalli, Tamil Nadu, with an investment of Rs 2,000 crore, creating 5,000 jobs
With this, the state is likely to get its fourth Apple supplier, after Foxconn, Pegatron, and Tata Electronics.
Jabil is also a major
The major export destinations for Jabil from India are now Vietnam and China
Its 858,000 square feet facility in Pune employs around 2,500 people
crore at Tiruchirapalli by Jabil, a global leader in EMS
This will create 5,000 jobs and establish a new cluster for electronics manufacturing," Stalin posted on the X platform
In addition, Rockwell Automation is expanding its manufacturing with a Rs 666 crore investment in Kanchipuram, adding 365 jobs
A memorandum of understanding was also signed with Autodesk to skill youth and boost MSMEs and startups, strengthening our overall
industrial ecosystem.
In recent times, Tamil Nadu has seen a spike in electronics exports, primarily due to the rise in iPhone exports
The state is now the number one electronics exporter in India, with exports reaching $9.56 billion in FY24, up 78 per cent from $5.37
billion in FY23, and far ahead of Karnataka and Uttar Pradesh.
According to industry experts, one of the key reasons for the rise in
exports is the China-Plus-One strategy adopted by global majors like Apple, after which its contractors like Foxconn and Pegatron, and
Coined in 2013, China-Plus-One is a global business strategy where companies avoid investing solely in China and diversify their operations
to alternative destinations.
Apple exported phones worth Rs 34,089 crore in the first four months of the current financial year
is also working to expand its domestic market
In 2023-24, the company's domestic market was valued at Rs 67,000 crore.First Published: Sep 10 2024 | 7:36 AMIST
