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Salcomp has started operations at the former Nokia plant in Sriperumbudur, Tamil Nadu, with an initial investment of Rs 500 crore and 5,600 employees. The plant will manufacture chargers for Apple, with plans to ramp up investment to over Rs 1,000 crore and 15,000 employees.
“Last Friday, Tamil Nadu Chief Minister Edapaddi K Palaniswami inaugurated Salcomp’s plant in which the Finnish company will initially invest ₹500 crore and employ 5,600 persons.”thehindubusinessline.com
Summarized from public sources; check the original articles before acting on it.