Connectivity solutions provider TE Connectivity on Thursday said it will provide direct and indirect employment to 2,000-3,000 people in their upcoming manufacturing facility in Bangalore.
The company will invest close to Rs 250 crore to build a 2,80,000 sq ft manufacturing facility at the Aerospace Park, Yelahanka and would be operational by 2014. The facility would create jobs in the areas of assembly, packaging, molding, stapling, tooling machine components, copper wire, optical fibre and cable processes.
“The new facility in Bangalore will become the design, manufacturing centre for TE in India, serving global and Indian customers,” TE Connectivity India President V Raja said. At present, the company has more than 4,500 employees in its eight facilities in India, five in Bangalore, two in Pune and one in Kochi.
It clocked Rs 1,400 crore sales last fiscal ended September 2011 and, Raja said that the company targets $1 billion in sales in the next five years. TE’s manufacturing plants in Shirwal and Wagholi in Pune will be expanded over the next three years with the key focus of expanding India operations by increased local product development.
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