Tata Group is in the process of building high-end electronics manufacturing capabilities to knit together its dream of creating an engineering and manufacturing ecosystem in the country. In that, there is a huge opportunity to build the electronics ecosystem in the country.
The recently floated group company, Tata Electronics has signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up plants for manufacturing mobile components. The company has announced an investment of Rs 4,684 crore in the new plant in Krishnagiri that will employ around 18,250 people. Taipei-based Pegatron, which is the second-largest contract manufacturer of iPhone, has also signed another MoU with the state for investing Rs 1,100 crore. There is much-hyped speculation going around that, Tata Electronics will manufacture components for iPhone.
In device manufacturing, medical and diagnostics will be another focus area for the Tata Group. It’s an area where there is a huge demand. The company vision was to create a diagnostics spectrum, which will also use CRISPR technology (which allows researchers to alter DNA sequences and modify gene function).
Tata Medical and Diagnostics (TMD), another company floated last year, will also manufacture ventilators. It is evident that they are trying to create a large-scale business and it will take the next few years for them to build that. This whole stack of medical equipment has a lot of demand and potential for India.
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