# TEAL to invest $52M in Hosur for wafer tab and automation

Titan Engineering & Automation Limited (TEAL) will invest ₹430 crore ($52 million) in Hosur, India, including ₹200 crore for a wafer tab equipment manufacturing facility and ₹230 crore for automation and manufacturing services. The investment is expected to create 1,400 new jobs.

- Type: Investment
- Announced: 2024-01-08
- Where: Hosur, Tamil Nadu, India
- Value: $52.0M (4.30B INR)
- Jobs: 1,400
- Status: announced
- Products: wafer tab equipment, automation machines, aerospace and defence components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Titan Engineering and Automation](https://endata.com/companies/74428.md)
- [Titan Group](https://endata.com/companies/32935.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/city/chennai/teal-to-invest-430-crore-in-hosur-chennai-titan-engineering-automation-limited-teal/articleshow/106621699.cms), 2024-01-08: "Titan Engineering & Automation Limited (TEAL), a wholly owned subsidiary of Titan Company Limited, will invest 430 crore at Hosur."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.