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Nagpur Stock:A $ 4.4 billion investment in southern India involves the expansion of the apple chain

Admin88 2024-10-26 28 0

A $ 4.4 billion investment in southern India involves the expansion of the apple chain

Financial News Agency, January 8 (Intern editor Pei Xinyi) At a global investor meeting, Tamilnadbon, southern India, announced that it has been with the Apple supply chain company Tata Electronics, He Shuo, and the auto giant Hyundai Motor, etc.The company signed an investment agreement with a total value of more than 4.39 billion US dollars.

Apple Corporation regarded India as the next main driving force for its supply chain strategyNagpur Stock. Tata Group has established factories assembled in southern India since last year, and Heduke is committed to building a second factory in India.

A large amount of funds influxBangalore Wealth Management

The Indian government said that Hutchong's promise to invest 10 billion rupees (US $ 120 million) to expand its production capacity located in the southern Indian factory.Tata Electronics, a subsidiary of the Tata Group, promised to invest 1220.8 billion rupees for mobile assembly business.

MK Stalin, Chief Minister of Tamil Nadang, India, said: "The Tamil Nadang government will support investors in all possible ways."Ahmedabad Wealth Management

In addition, Praveer Sinha, chief executive and managing director of Tata Power, said at a press conference that the company is exploring an investment project planned to plan in southern India in the next few years, including some presentsThere are project investment.Guoabong Wealth Management

The investment projects announced by Tamilnadon, India also include an agreement with the investment of Rs Rsharnanus Development of Rs 120 billion with the Investment of Rs Rsharnanosaurus.The car giant modern car promises to invest 61.8 billion rupees, and some of them are specially used in the battery and car manufacturing of electric vehicles.Chennai Investment

As more and more companies seek to enter India, the world's third largest automotive market, Vietnamese electric vehicle manufacturer Vinfast agrees to set up its first manufacturing plant in India and is committed to investing as high as US $ 2 billion in southern India.

Nike's Indian partner Florenece SHOE, Aqeel Panaruna, chairman of the company, said at the event that the Nike shoe manufacturer Hong Fu will sign an agreement with the Indian government to invest nearly 10.4 billion rupees in India, and it is expected to invest 16.6 billion rupees soon.

Source: Fiscal Press Pei Xinyi


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