Corning’s Decision: Shifting Smartphone Glass Facility from Telangana to Tamil Nadu. Learn about Corning’s Rs 1,000 crore investment decision and its impact on smartphone manufacturing in India.
US-based Corning Inc, a significant Apple supplier, has opted to establish a Rs 1,000 crore facility in Tamil Nadu instead of Telangana, a decision following the recent government changes in the latter state.
Earlier proposed in Telangana to generate employment for over 800 individuals, Corning’s new facility in Tamil Nadu, located at Pillaipakkam near Sriperumbudur, is expected to employ 300 people and focuses on manufacturing Gorilla Glass, a key component in electronic devices.
This move, made in collaboration with domestic electronics manufacturer Optiemus Infracom, signifies a shift towards Tamil Nadu, notably due to its close proximity to Apple suppliers like Foxconn and Pegatron.
The upcoming memorandum of understanding (MoU), expected to be signed during the Global Investor Meet (GIM) in January, marks the genesis of a significant investment in smartphone glass manufacturing in India. This initiative aligns with PM Modi’s ‘Make in India’ and ‘Atmanirbhar Bharat’ programs, indicating a substantial stride toward self-sufficiency and contributing to the growing manufacturing ecosystem in the country.
The joint venture between Optiemus and Corning, operating under Bharat Innovation Glass (BIG), plans to commence operations by 2024 with a production capacity of 30 million pieces. This venture also seeks support from the central government under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), aiming to lessen India’s dependence on imports and control the electronic glass segment within the country.