US’ Corning to build Rs 1,000-crore gorilla glass facility in Tamil Nadu
Apple supplier and American Gorilla Glass maker, Corning Inc., is investing Rs 1,000 crore to set up a manufacturing facility in Tamil Nadu, multiple sources aware of the development told ET.
The facility will be set up at Pillaipakkam, near Sriperumbudur, on a 25-acre plot, which can be expanded if the need arises and will employ around 300 people. This marks the formal entry of another Apple supplier into India, bolstering the expanding ecosystem of Apple as well as electronic component manufacturers in the country.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitEarlier in September, the Telangana government said the company had decided to invest in Telangana. However, sources said that the company was convinced to pick Tamil Nadu over Telangana because of the electronics ecosystem available in the state as well as the proximity to other Apple suppliers.
Also read | Corning-Optiemus JV to begin display glass finishing in India by next year
They said that talks were on for a while but the deal was finalised and sealed last week and that the MoU will be signed during the Global Investor Meet (GIM) in January.
«While I choose not to delve into the specifics of potential investment commitments which may be under consideration, I can affirm that Tamil Nadu is diligently crafting an outstanding electronics ecosystem of international standards,» TN Industries Minister TRB Rajaa told ET.
«Our strategic approach involves ascending the electronics value chain by enticing specialized
