Tata Electronics has entered into a Memorandum of Understanding (MoU) with the Tamil Nadu government, committing to an investment of ₹12,082 crore. This capital will be utilized for the expansion of Tata’s mobile phone enclosure manufacturing unit in Hosur and the establishment of a new facility for the assembly of mobile phones, including iPhones. The initiative is expected to generate 40,500 new employment opportunities. Additionally, as part of the investment, Tata will construct accommodation for its employees.