Breaking News
1. Rahul Gandhi Said ‘Support Centre On Pahalgam Response’, But Is Anyone In Congress Listening?      2. Indian Student, Missing For 4 Days, Found Dead In Canada      3. Govt, Opp slam ‘selective targeting’ of Pahalgam victims, says outrage shows ‘start of end of terrorism’      4. Turkey’s Erdoğan calls for swift de-escalation of India-Pakistan tensions      5. Pakistan Defence Minister says ‘military incursion’ by India is imminent      6. Mark Carney's Liberals Set To Retain 4th Consecutive Term, Jagmeet Singh To Step Down As NDP Leader      7. Chaos Erupts In Vancouver Lapu Lapu Festival After SUV Crashes Into Crowd, 9 Killed      8. Tamil Nadu ministers Senthil Balaji, K Ponmudy resign: What’s behind the DMK shake-up?      9. US in touch with India and Pakistan; urges work toward 'responsible solution'      10. Asaduddin Owaisi Shreds Pakistan With "Military Budget" Jibe Over Pahalgam      11. Pakistan violates ceasefire for 4th day, Indian troops give 'effective and swift' response      12. ‘Surrender so we can live in peace’: After Pahalgam attack, terrorist Adil’s family loses home      13. Pakistan’s Double Standards: Shehbaz Sharif Talks 'Peace' With Iran President, But Rekindles Kashmir Issue      14. 130 nukes aimed at you: Pak minister's open threat to India as tensions flare      15. “Terrorists, Their Patrons Want Kashmir To Be Destroyed Again,” Says PM Modi      16. 'Interim stay violates separation of powers': Centre to SC on Waqf Act      17. Pakistan Deputy PM Ishaq Dar calls Pahalgam attackers 'freedom fighters'      18. Pahalgam terror attack: The meadow cries out in fear and grief      19. Pakistan airspace closure: Over 800 weekly flights of Indian airlines may be impacted; IndiGo suspends flights to Tashkent, Almaty      20. Strong Message From UN Security Council After Pahalgam Terror Attack     

Corning Inc Initiates Rs 1,000 Crore Smartphone Glass Factory in Tamil Nadu | Insight Behind the Decision

  • Posted on December 12, 2023
  • Business
  • By Arijit Dutta
  • 261 Views

Corning Inc, the key supplier to Apple, plans a Rs 1,000 crore smartphone glass factory in Tamil Nadu, shifting from an earlier plan in Telangana. This move, alongside Optiemus Infracom, aims to create employment and boost smartphone manufacturing, leveraging Tamil Nadu's proximity to key suppliers.


Corning Inc Initiates Rs 1,000 Crore Smartphone Glass Factory in Tamil Nadu | Insight Behind the Decision Image Source -www.revenuesandprofits.com

Corning Inc, a prominent Apple supplier, will establish a cutting-edge smartphone glass facility worth Rs 1,000 crore in Tamil Nadu, departing from its initial intent in Telangana. The shift marks a strategic collaboration with Optiemus Infracom, a domestic electronics manufacturer.

 In an unexpected turn, the government change in Telangana redirected Corning Inc.'s investment strategy, favoring Tamil Nadu for its newest venture. This decision comes despite an earlier declaration by the former state government led by K. Chandrashekar Rao, announcing Corning's choice of Telangana for Gorilla Glass manufacturing.

The proposed facility in Telangana aimed to generate employment for over 800 individuals, as affirmed by K.T. Rama Rao, the former state IT and Industries Minister. However, discussions with Corning Inc's top executives, including John Bayne and Ravi Kumar, pointed towards a shift in plans favoring Tamil Nadu.

Notably, the Economic Times report revealed Corning's intent to establish the facility in Pillaipakkam Village within Sriperumbudur block, Kanchipuram district, Tamil Nadu. This strategic location aligns with the proximity to crucial Apple suppliers like Pegatron and Foxconn, influencing Corning's choice.

Also Read: Telangana DGP Anjani Kumar's Suspension Revoked: Election Commission Decision

The memorandum of understanding (MoU) between Corning and Tamil Nadu is slated for signing during the Global Investor Meet in January 2023. Moreover, a joint venture between Optiemus Infracom and Corning, named Bharat Innovation Glass (BIG) Technologies, will produce high-quality finished cover glass parts for electronic devices.

This partnership aims to manufacture 30 million pieces in the initial phase and expand employment opportunities to over 500 individuals in India. Ashok Kumar Gupta, Chairman of Optiemus, expressed commitment to delivering top-notch products and emerging as a leading manufacturer in the global mobile electronics market.

Author
No Image
Author
Arijit Dutta

You May Also Like