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Apple supplier Salcomp to manufacture near Chennai: IT minister

By Reuters

  • 25 Nov 2019
Apple supplier Salcomp to manufacture near Chennai: IT minister
Credit: VCCircle

Apple supplier Salcomp to manufacture near Chennai: IT minister

Information technology minister Ravi Shankar Prasad said on Monday Apple Inc. would expand its operations in the country and the iPhone maker's supplier Salcomp would make components at a plant near Chennai.

Salcomp will invest Rs 2,000 crore ($278.67 million) over the next five years to make chargers and other components at the plant and the move will also create 10,000 jobs, Prasad said.

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Apple's phones made in India will also be exported, he said, adding that exports of mobile phones and components from the country would be worth $1.6 billion each this year.

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