Atlantic, Gulf & Pacific Company (AG&P), the global downstream gas and LNG logistics company, and the Government of Tamil Nadu has signed a Memorandum of Understanding (MoU) for the development of City Gas Distribution (CGD) networks to supply natural gas across six districts of Tamil Nadu. The new CGD infrastructure is being developed under AG&P’s…
Tamil Nadu government has signed two major MoUs in the electronics manufacturing segment in January. The state is expected to formalize agreements with Taiwan-based Pegatron and Tata Electronics around the Pongal festival to facilitate establishing units to manufacture Apple products, multiple sources said. Pegatron, a Taiwan-based manufacturer of Apple products has chosen Mahindra City as…
Engineering company Greaves Cotton has concluded to shut its Ranipet plant, said group CEO and Managing Director Nagesh Basavanhalli, It will continue to work on operational efficiency. This is done as part of its exercise for consolidation of plants, he added. The company expects passenger three-wheeler segment to recover in the second half of this…
Taiwanese multinational electronics contract manufacturing company, Foxconn Technology Group will invest well over Rs 1,500 crore to have new production lines to manufacture certain iPhone models in its factory in Sriperumbudur near Chennai, according to an ET post. Currently, Wistron, another Taiwanese smartphone manufacturing company makes Apple phones such as the iPhone 6S and SE models in Bengaluru in…