Tata Group to set-up electronic components manufacturing unit in Chennai

Tata Group is in the process of setting up an electronic components unit in Chennai which will be operated by its subsidiary Tata Electronics, according to sources.

A government official told PTI that a Tata Group firm has applied for incentive at Meity but could not confirm other details.

"Tata Electronics will set up a precision electronics plant in Chennai. Itwill cater to requirements of all electronic companies and not specifically to a particular company. The investment details will be finalised once all the approvals are in place," a person privy to the development said.

An email query sent to Tata Group in this regard did not elicit any response.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel