Corporate Corner – July 2024

Listen to this article
BIG Tech breaks ground 

US-based Corning Incorporated has partnered with domestic telecommunications player Optiemus Infra-com to setup Bharat Innovative Glass Technologies (BIG Tech), India’s first cover-glass manufacturing facility. This will be located in SIPCOT’s Pillaipakkam industrial park in Kanchipuram, Tamil Nadu. With an investment of about Rs 1003 crore and potential employment to 840 people, the plant will meet the growing manufacturer demand in India. An MoU for the proposed investment was signed between Ashok Kumar Gupta, Director, BIG Tech, and V Vishnu, MD and CEO, Guidance Tamil Nadu, in the presence of Chief Minister M K Stalin and Industries Secretary V Arun Roy.

“This joint venture with Optiemus Infracom demonstrates our shared commitment to bringing life-changing innovations to the Indian market and the world,” said David Velasquez, Vice President and General Manager of Corning Gorilla Glass.

Chief Minister MK Stalin also expressed pride in the new development stating, “Today’s groundbreaking not only marks a significant investment in our state’s industrial capabilities but also reinforces Tamil Nadu’s position as a hub for innovation and technological advancement. We are committed to supporting such ventures that create job opportunities and drive sustainable economic growth for the state and India.”

Corning joins Foxconn, Pegatron, Tata Electronics and Salcomp in becoming another major supplier to Apple Inc. Another contract supplier, Luxshare is expected to start operations from the old Motorola factory it acquired in 2021.

Latest

HDFC Bank identifies 2 candidates for MD post

The bank has submitted the names of two candidates...

Navin’s forays into plotted development

The announcement was made at the company’s 37th anniversary...

Croma announces special prices for iPhone 17 Pro

Croma, a brand of Infiniti Retail Ltd, is continuing...

Army Design Bureau reviews Garuda’s drone ops

IPO-bound Garuda Aerospace said it used the visit to...

Newsletter

Don't miss

HDFC Bank identifies 2 candidates for MD post

The bank has submitted the names of two candidates...

Navin’s forays into plotted development

The announcement was made at the company’s 37th anniversary...

Croma announces special prices for iPhone 17 Pro

Croma, a brand of Infiniti Retail Ltd, is continuing...

Army Design Bureau reviews Garuda’s drone ops

IPO-bound Garuda Aerospace said it used the visit to...

Milky Mist’s new yoghurt plant goes on stream

In a statement, the company said the new facility...

HDFC Bank identifies 2 candidates for MD post

The bank has submitted the names of two candidates in order of preference and the remuneration proposed to be paid to them, for a...

Navin’s forays into plotted development

The announcement was made at the company’s 37th anniversary celebration, themed ‘Beyond 37 – Past, Present & Future’, in Chennai. The company said the entry...

Croma announces special prices for iPhone 17 Pro

Croma, a brand of Infiniti Retail Ltd, is continuing to sell the iPhone 17 Pro and iPhone 17 Pro Max with special offers, including...