Tamil Nadu Chief Minister M.K. Stalin on Friday inaugurated the manufacturing unit of Taiwanese firm Pegatron that will make iPhones at the Mahindra World City, Chengalpattu, near Chennai.
The total investment in this project is ₹1,100 crore which will generate around 14,000 jobs. Pegatron is the third Apple vendor to set up its manufacturing unit in India after Foxconn (in Tamil Nadu) and Wistron. The plant has been set up under the centre’s Production Linked Incentive scheme (PLI).
Noting that it was a proud moment for Tamil Nadu that a top global brand was being manufactured in the State, the Chief Minister said the State would soon replace China as the hub for making new models of smartphones. He highlighted that Coimbatore, Chennai and Hosur were attracting investments in the electronics sector.