Dixon Technologies, an electronics manufacturing services firm, has signed a Memorandum of Understanding with the Tamil Nadu government on Wednesday to establish a Rs 1,000-crore facility near Chennai.
The state government estimates that the factory, which will be constructed in the nearby Kancheepuram district of Oragadam, will generate 5,000 jobs in the area.
In front of Chief Minister M K Stalin and Industries Minister T R B Rajaa, among others, Dixon Technologies' top executives, led by Executive Chairman Sunil Vachani and Vice President Prithvi Vachani, exchanged documents with Darez Ahamed, MD and CEO of Tamil Nadu's nodal investment promotion agency Guidance, on Wednesday at the Secretariat.
According to the MoU, Dixon Technologies will locate the facility at the Indospace Industrial Park in Oragadam, about 45 kilometers south of Chennai. The factory will manufacture laptops and all-in-one personal computers, as well as provide electronic manufacturing services to other companies.
Dixon Technologies' investment comes as the government builds a USD 100 billion electronics manufacturing ecosystem in the state.
"Another significant day for electronics manufacturing in Tamil Nadu. Dixon Technologies signed an MoU today in the presence of Chief Minister M K Stalin for a brand new, state-of-the-art manufacturing facility at Oragadam near Chennai with an investment of Rs 1,000 crore, where they will manufacture laptops," he said in a social media post.
"A huge victory for Tamil Nadu's youth and our ongoing efforts to promote industrial growth. Dixon's leadership recognized what we had always believed.Tamil Nadu's progressive policies, robust infrastructure, highly skilled workforce, and, most importantly, the ease of doing business at a rapid pace make it the most appealing manufacturing destination in India."
"Under the Chief Minister's leadership, we are creating a USD 100 billion electronics manufacturing ecosystem, and each factory we open brings us one step closer to realizing that dream. Welcome to Tamil Nadu, Dixon, HP, and all of the other brands whose devices will now be manufactured in TN," he said.
In a press release, the government stated that Dixon Technologies, founded in 1993, has provided contract manufacturing services to a variety of companies, including Samsung, Xiaomi, Motorola, boAt, Panasonic, TCL Technologies, and OnePlus.
Since May 2021, Tamil Nadu has received investment commitments totaling Rs 10,14,368 crore from various companies through the signing of 895 MoUs, creating 32 lakh jobs in the state. The government stated that it is taking all necessary steps to achieve a USD 1 trillion economy by 2030 while continuing to create jobs.
According to the release, the state achieved 9.69 percent growth in FY 202425, the highest in the previous ten years, securing the top rank among Indian states.
