In a groundbreaking move, Tata Electronics Private Limited (TEPL), a dynamic player in precision manufacturing under the esteemed Tata Group, has recently marked a significant milestone. With unwavering support from the government, Tata Electronics is strategically positioning itself to be a key contributor to the burgeoning electronics sector, aligning with the national agenda to boost domestic manufacturing. With approximately 10,000 skilled workers transitioning to Tata Electronics, this strategic move follows Wistron’s board approval to sell its Indian plant to Tata at an estimated transaction price of around $125 million. Government Backing and Ministerial RecognitionRajeev Chandrasekhar, Minister of State for Electronics and IT, publicly champions the growth of Tata Companies in the electronics manufacturing sector. This acquisition not only solidifies Tata’s position in the Indian electronics sector but also reinforces India’s standing as a preferred destination for global electronics manufacturing.

Source: Economic Times November 09, 2023 11:08 UTC