Jabil Inc., a prominent American multinational company and a major supplier to tech giants like Apple, Cisco, and HP, has revealed plans to launch an electronics manufacturing facility in Tamil Nadu. The company's decision to invest Rs 2,000 crore in this venture not only signifies a significant boost to the region's economy but also underlines a strategic move to enhance electronics manufacturing in India. With a focus on creating 5,000 job openings, this initiative is poised to contribute to the state's industrial development and further solidify its position as a hub for technology production.
Tamil Nadu has been witnessing a surge in electronics exports, largely attributed to the increasing iPhone exports from the region. The state's remarkable growth in this sector has propelled it to the forefront as the leading electronics exporter in India, surpassing states like Karnataka and Uttar Pradesh. Industry observers attribute this success to the China-Plus-One strategy adopted by global players like Apple, which led to the establishment of a flourishing electronics ecosystem in Tamil Nadu. This strategic approach involves diversifying operations to countries beyond China, thereby reshaping the landscape of electronics manufacturing in India. Apple's efforts to shift a significant portion of its supply chain to India through initiatives like 'Make in India for the World' highlight the company's commitment to leveraging the country's manufacturing capabilities and expanding both its global and domestic markets.