Electronic components maker Jabil will set up a manufacturing plant in Tamil Nadu, India, with an investment of about 20 billion rupees ($238.2 million), Reuters news report said.
U.S.-based Jabil, a supplier to Apple, will base its plant near the city of Trichy and will create 5,000 jobs, Tamil Nadu Minister T R B Rajaa said on social media site X.
“India is emerging as a key manufacturing hub,” Matt Crowley, executive vice president for global business units at Jabil, said.
Jabil has reported revenue of $6.765 billion for three-months ended May 31, 2024. Jabil is targeting revenue of $28.5 billion in 2024 fiscal.
