Tata Electronics is in talks with several large companies and potential clients to onboard them as part of its strategy to move beyond just being a supplier of iPhone maker Apple, The Economic Times ahs reported.
The expansion bid is part of the Tata group firm’s plans to become India’s Foxconn by not just diversifying its portfolio but by also following the Taiwanese electronics contract manufacturer's business model, the report added.
Currently, the firm is fully occupied with Apple’s projects but it is keen to “set in motion” rapidly for future contracts, the report said, citing sources.
Moneycontrol could not independently verify the report.
Earlier, it was reported that the home-grown electronics major, which is also into manufacturing semiconductors, is likely to set up two more fabrication plants at its Gujarat site, where the first facility is coming up.
The company had also conducted the “bhoomi pujan” ceremony of its chip assembly and testing unit in Assam on August 3.
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