Jabil investing ₹2,000 crore in manufacturing in India: Ashwini Vaishnaw
Jabil
's plant in Sanand, Gujarat, is nearing completion, said Union Minister of Electronics and IT
Ashwini Vaishnaw
on Saturday.
'Jabil is investing more than ₹2,000 crore in manufacturing silicon photonics and electronic manufacturing services in India,' Vaishnaw said in a post on social media platform X (formerly Twitter) on Saturday.
'Plant at Sanand is almost completed,' the minister added.
Silicon photonics, which integrates light for high-speed communications in microelectronics, is set to cater to a wide array of sectors, including quantum computing, quantum communication, fifth-generation (5G) and 6G technologies, the Internet of Things (IoT), radar, and avionics.
The American vendor had last year said that it is continuing to invest in silicon photonics-based products and capabilities, beyond 800G and 1.6T, to support the increasing demands of hyperscalers and next-wave cloud and AI data center growth.
Jabil serves 300 of the biggest companies globally across sectors, including smartphones, cloud equipment, healthcare, to automotive and home appliances. It employs more than 1.4 lakh employees across 100 locations in over 25 countries.
Swedish telecom gear maker
Ericsson
, via Jabil, manufactures 4G and 5G radios, RAN Compute as well as microwave equipment. Jabil is also a supplier to iPhone-maker Apple in India.
Jabil Circuit
, according to a recent PTI news agency report, has also emerged as the biggest beneficiary of the telecom production-linked incentive (PLI) scheme. It received ₹235.87 crore as an incentive in the two fiscal years FY23 and FY24.
The Central government has disbursed ₹1,162 crore under the telecom PLI till March 31.
This scheme, launched on April 1, 2021, aims to boost domestic manufacturing and self-reliance in the telecom sector. It will conclude by the end of the current fiscal year (FY26).
Out of 42 companies shortlisted under the scheme, 21 manufacturers have successfully received the incentives so far. The government had earmarked ₹4,115 crore for the scheme to generate an estimated ₹2.45 lakh crore in additional sales and create over 44,000 new jobs during the tenure.
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