Bharat Innovative Glass Technologies Private Limited, a joint venture firm between Optiemus Infracom Ltd and US-based Corning International Corporation, has signed a MoU with the Government of Tamil Nadu to set up a new facility for the production of cover glass manufacturing with an investment of Rs 1,003 crore.
The firm said that the proposed project has the potential to employ nearly 840 persons for the facility.
“The company plans to manufacture front-cover glass with extensive processes in India and supply to display panel makers and mobile manufacturers in India – adding value, employment as well as bringing in precision glass-processing technology for the first time in the country,” the firm said in a media statement.
Corning International is a Fortune 500 company, headquartered in New York. The company invented strengthened glass ‘Corning Gorilla Glass’ that is widely used in portable devices such as mobile phones, tablets, and laptops.
Optiemus Infracom Limited is a publicly listed company in India with vast experience in mobile phone components and laptop manufacturing in India.
This comes two weeks after Tamil Nadu's Chief Minister MK Stalin on January 8 said that the Global Investment Meet (GIM) has brought investments worth Rs 6.64 lakh crore, which is poised to generate 26.9 lakh jobs in the state.
Also Read: TN GIM 2024: State to get Rs 6.64 lakh crore investment, to generate 26.9 lakh jobs, says CM Stalin
The total proposed investment figures at the end of the two-day summit well surpassed the state government's target of attracting Rs 5 lakh crore in investments.
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