| Associated
Press
Flextronics
to Build India Industrial Park
10.07.2005, 01:53 AM
www.forbes.com Singapore-based
Flextronics International Ltd., a leading electronics makers, plans to set up
an industrial park in southern India with an investment of about $100 million,
government and company officials said.
The investment would be made
over the next five years under an agreement signed Thursday between the company
and the government the Tamil Nadu state, where the park is to be located, The
Hindu newspaper reported Friday.
"This industrial park in Chennai
will significantly enhance Flextronics' strategic global footprint, enabling us
to ... better serve our customers," Flextronics Chief Operating Officer Michael
McNamara said in a statement on the company's web site.
The city of
Chennai is also known as Madras.
McNamara said the "announcement underscores
our commitment to this increasingly important region and the needs of our customers
looking to serve the India marketplace.
" Production at the industrial
park is expected to begin by June 2006, a company statement said. The company
has similar industrial parks in Brazil, China, Hungary, Mexico and Poland.
Flextronics has been in India for nearly five years and employs 5,000 people here,
the statement said. Its Indian operations include manufacturing facilities in
Bangalore and Pondicherry cities, and software and hardware design centers in
Gurgaon, Chennai and Bangalore. Top |
