Tamil Nadu govt approves Foxconn’s iPhone display factory, tech giant to invest Rs 13,180 crore

The Tamil Nadu government has given the green light to a major investment by Yuzhan Technology (India), a unit of Taiwanese electronics giant Foxconn, amounting to Rs 13,180 crore.

Foxconn, known for assembling Apple’s iPhones, plans to establish a smartphone display module assembly unit. This will be the first such facility in Tamil Nadu catering specifically to Apple, solidifying the state’s position as a key player in Apple’s supply chain.

As per a report by the Economic Times, Foxconn has secured 500,000 square feet at the ESR Oragadam Industrial & Logistics Park near Chennai, next to its smartphone assembly unit. The plant is expected to provide components to other contract manufacturers like Pegatron and Tata Electronics, reducing the need for imports from China.

The Rs 13,000 crore investment is set to create 14,000 jobs and marks a significant step in the state’s growing role in global tech manufacturing.

Other major investments
Among the other projects approved, Tata Motors is set to invest Rs 9,000 crore in Ranipet for manufacturing Jaguar Land Rover vehicles. Leap Green Energy Pvt Ltd will invest Rs 10,375 crore across various districts to support renewable energy initiatives, while Freetrend Industrial India is committing Rs 1,000 crore to a facility in Ariyalur.

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Several other companies, including Kaynes Circuits India, Ascent Circuits, and Lucas TVS, are also making significant investments in various regions of the state, contributing to Tamil Nadu’s industrial and economic growth.

These investments signal a robust commitment to turning Tamil Nadu into a global hub for technology, green energy, and high-end manufacturing.

Largest investment among key approvals
Foxconn’s Rs 13,180 crore investment was the largest of 14 projects approved by the Tamil Nadu cabinet on Tuesday. The total investment across all projects reached Rs 38,698.80 crore and is expected to create nearly 47,000 jobs across various sectors in the state.

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This was the first cabinet meeting since Udhayanidhi Stalin’s promotion to Deputy Chief Minister, with Chief Minister MK Stalin chairing the session.

State Finance Minister Thangam Thennarasu highlighted that these investments span diverse sectors, from the production of mobile phone components and luxury cars to renewable energy, medical equipment, and defence products. The investments are part of Tamil Nadu’s broader push to strengthen its industrial base and attract high-end manufacturing projects.