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Japanese electronic components manufacturer Hirose Electric Co., Ltd. is planning to set up its first manufacturing facility in India in Tamil Nadu with an investment of around ₹100 crore, according to an official statement from the State government.
The Phase-1 project is expected to create approximately 100 jobs and will focus on the production of precision connectors and other electronic components.
The company recently exchanged a Memorandum of Understanding (MoU) with the Tamil Nadu government in the presence of Chief Minister M. K. Stalin and Industries Minister T. R. B. Rajaa.
Globally, Hirose Electric operates eight manufacturing facilities across Japan, China, South Korea, Indonesia, and Malaysia. The proposed Tamil Nadu unit will mark the company’s entry into India’s manufacturing sector.
News by Rahul Yelligetti.
