Monday, September 1, 2014: One of the largest manufacturers of connectors for electric, electronic and internet systems, TE Connectivity, has announced they are establishing an integrated manufacturing unit in Bangalore. The $14 billion company is investing Rs 3,000 million for the project. One of the first such projects in the Aerospace Park in Bangalore, this plant is expected to be ready by 2014 end.
Multiple industries in India will benefit from the company’s connectivity solutions as the new project will support the growing market and exports too. The 280,000 sq feet plant is expected to support job creation in assembling, packaging, molding, stamping etc. TE Connectivity has a group of 300 design engineers in India and they serve various industries like automobiles, defence and aerospace, renewable energy, telecom and railways. The company has already 7 manufacturing plants in India, five in Bangalore and two in Pune. The company supports around 4,000 employees and also has a turnover of around Rs 15,000 million in India. The MNC has been operating in India since last two decades and they produce products like electronic connectors, components and systems.
The company originally belongs to Switzerland and it’s expanding its horizon to automotive, telecom and other sectors which fall under the National Manufacturing Policy. Sanjay Handu, Director, Aerospace, Defence and Marine at TE, told reporters recently, “We are positive on the rising demands of the Indian middle class for automobiles, communication gadgets, smart devices, etc, which will fuel growth and we can meet the needs.” The company ahs received a huge boost from the government’s defence procurement policy and the high FDI cap in this segment.
The company is also focusing in the solar sector and they are working with Indian manufacturers of solar photovoltaics. Handu said that the company is collaborating with Indian Institute of Sciences on sensors. An incubation centre, set up in RV College of Engineering in Bangalore, focuses on electronics and the mechanical sector. The long-term goal of this centre is to design, purchase and localisation of manufacturing.
