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Wipro 401.70↑7.60(1.93%)

Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur

Among the 14 firms to have got initial go-ahead is Luxshare with a unit in the town near Chennai

Shine Jacob Sriperumbudur (Tamil Nadu)

Premium

Luxshare India Private Ltd

4 min read Last Updated : Jan 22 2023 | 11:23 PM IST

By the busy Chennai-Bengaluru national highway, where construction work is causing roadblocks these days, a board reads: “Welcome: Luxshare India Private Ltd.''

Local residents say until about two months ago, this board carried the name of Motorola, which once had a manufacturing unit in Sriperumbudur, 40-odd km from Chennai in Tamil Nadu.

In May 2020, Luxshare Precision Industry Co, a China-headquartered AirPods and iPhone assembler, had entered into a deal with the Tamil Nadu government to take over the defunct Motorola unit. The company had also lined up an investment of Rs 750 crore for the unit, and now, two years later, things are finally beginning to move for it.