Corning to invest Rs 934-Cr in Telangana to manufacture Gorilla Glass for smartphones
"While the size of investment is Rs 934 crore, more importantly, this will be a strategic investment in manufacturing for smartphones and other electronic devices in Telangana,” KTR said
- City News
NewsTAP Bureau- Updated On:1 Sept 2023 8:09 PM IST
NEW YORK: Minister for IT and Industries KT Rama Rao (KTR) who is on an investment hunt in the US informed that Corning, one of the world’s leaders in material sciences has decided to invest in Telangana to set up a manufacturing plant to make Gorilla Glass for smartphones, for the first time in India.
“While the size of investment is Rs 934 crore, more importantly, this will be a strategic investment in manufacturing for smartphones and other electronic devices in Telangana,” he said.
The proposed investment of Rs 934 crore by Corning along with their partners would be a strategic investment and would play a pivotal role in driving the smartphone manufacturing ecosystem in Telangana and in India. The proposed facility in Telangana was expected to generate employment for over 800 people.
The Minister and the team had a fruitful meeting with John Bayne, senior VP, Ravikumar, global operations executive, and Sarah Cartmell, director of Government Affairs.
Minister K T Rama Rao said :“Telangana is fast emerging as a hub for electronics manufacturing as a result of the initiatives undertaken by the State in the last 9 years. Several electronics manufacturing companies are increasingly choosing Hyderabad as their destination. Foxconn made a significant investment in the State earlier this year, and now Corning’s investment in Telangana will propel a new era of smartphone manufacturing in Telangana and in India.”
Principal Secretary for Industries & IT Jayesh Ranjan, Special Secretary for Investment Promotion & NRI Affairs Vishnu Vardhan Reddy, and Director Electronics Sujai Karampuri were also present during the meeting.
Headquartered in New York, Corning Inc. is a Fortune 500 materials science company with expertise in glass science, ceramics science, and optical physics. With over 172 years of history, Corning Inc. has been at the forefront of innovations and are the inventors of Gorilla Glass, a strengthened glass that is widely used in portable devices such as mobile phones, tablets, and laptops.
