- This move will generate jobs for about 10,000 people said IT minister Ravi Shankar Prasad
- Nokia confirmed that it had reached an agreement with Salcomp for the sale of the facility
IT minister Ravi Shankar Prasad said that Salcomp, a supplier to US tech group Apple will invest Rs. 2,000 crores in India to make mobile chargers and other smartphone components from March 2020. The company has entered into an agreement to take over a facilty in Chennai, formerly owned by Nokia. It will begin operations at the site by March.
Prasad added that apart from chargers and other equipment , the facility will produce a diversified product portfolio. He further said that Salcomp will invest the Rs. 2,000 crores at the site over the next five years and this move will generate jobs for about 10,000 people.
Apple also selling locally assembled iPhone XR
In a statement, Nokia confirmed that it had reached an agreement with Salcomp for the sale of the facility in Sriperumbudur, Chennai. Last month Apple also began selling its iPhone XR model assembled in India by the local unit of Foxconn. It also assembles the iPhone 7 model in India through Wistron’s local unit in Bengaluru.