Delta was planning to invest in a neighbouring state but found the conditions in Tamil Nadu favourable and shifted to open a plant there.
Taiwan based Delta Electronics will be investing Rs 4,000 crore in Krishnagiri to set up an electronics hardware plant. The plant will come up in 120 acres of land and the production will start from the second quarter of 2020.
It is learnt that Delta was planning to invest in a neighbouring state but found the conditions in Tamil Nadu favourable and shifted to open a plant there, said executive vice chairman of Industrial Guidance Bureau, M Velumurugan.
Hsieh Shen Yen, president, Delta Electronics Thailand in an interaction with The New Indian Express informed that the plant will be set up in two phases. He said that Delta will be constructing a domestic plant in 60 acres of land and on parallel lines and will be building a plant in another 60 acres of land for exports.
In the first phase, 28 acres will be allocated for the Special Economic Zone and the remaining 32 acres for domestic tariff area, said Yen. The products which could be churned out from the plant will include small mobile chargers, large inverters etc, he said.