October 5, 2012: TE Connectivity that designs and develops connectivity systems and solutions, plans to invest Rs 300 crore in setting up a new manufacturing facility at Bangalore and also expand its existing facilities to support the growing local market and global exports.
As part of the expansion plan, an integrated manufacturing plant will be constructed at the Aerospace Park, Yelahanka in Bangalore that will go on stream by 2014. In addition, TE’s manufacturing plants at Shirwal and Wagholi in Pune will be expanded over the next three years. The key focus of the company is to expand its operations in India by strengthening the talent pool and increasing the local product development.
The new plant in Bangalore will design and manufacture next-generation connectivity solutions for multiple industry verticals, including automotive, aerospace, defense, marine, enterprise networks, telecom, data communications, industrial, energy, consumer devices, appliances, circuit protection and relays. Spread across 280,000 square feet, the facility will create new jobs in the areas of assembly, packaging, molding, stamping, tooling machine components, copper wire, optical fibre and cable processes.
Joseph B Donahue, executive vice-president and chief operating officer, TE Connectivity, said: “TE is committed to growing its business in India, where long-term growth prospects are favorable. With a 20-year presence in India, TE has steadily expanded its manufacturing capacity in the market. Our most recent investment is aimed at enhancing our market leadership position and pursuing opportunities with existing and new customers.”
The new manufacturing facility at Bangalore will become the design, engineering and manufacturing centre for TE in India, serving global and Indian customers, according to V Raja, president, TE Connectivity, India. “India is an important cornerstone of TE’s emerging market growth strategy. The combination of local talent, local design and manufacturing and local partnerships will help drive TE’s continued growth in the market.”
The company rebranded itself as TE Connectivity from Tyco Electronics in March 2011 to better reflect the products and solutions it offers customers. The company operates multiple manufacturing plants in Bangalore, Pune and Kochi.
SHOBHA MATHUR