A massive fire broke out at a Tata Electronics manufacturing unit in Hosur, Tamil Nadu, causing significant damage. Firefighters are battling the blaze, and the cause of the fire is still under investigation.
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Tata Electronics has joined forces with two Indian manufacturers to establish capabilities for producing advanced high-precision machines used in iPhone casing production. This strategic move aligns with Apple’s efforts to diversify its manufacturing base and reduce reliance on China. The machines, currently utilized by independent contractors collaborating with Apple, are expected to boost India’s goal of achieving $300 billion in electronics exports by 2025.