The Tamil Nadu government and Dixon Technologies signed a Memorandum of Understanding (MoU) to establish a laptop manufacturing unit in Oragadam, near Chennai, with an investment of Rs 1,000 crore. The signing took place on Wednesday in the presence of Chief Minister M.K. Stalin and Industries Minister T.R.B. Rajaa.
The unit will be constructed in Tamil Nadu’s Kancheepuram district and will approximately generate 5,000 jobs, according to a statement from the state government. The electronics manufacturing services company will develop the plant within the Indospace Industrial Park, approximately 45 kilometres from Chennai. The factory will produce laptops and all‑in‑one personal computers while also providing electronic manufacturing services to other businesses.
In a press release, the government noted that Dixon Technologies, established in 1993, has offered contract manufacturing services to numerous companies, including Samsung, Xiaomi, Motorola, boAt, Panasonic, TCL Technologies and OnePlus.
Through the signing of 895 MoUs, Tamil Nadu has obtained investment commitments of Rs 10,14,368 crore from various businesses since May 2021, creating 32 lakh jobs in the state. The administration emphasised that it is taking all necessary measures to realise its goal of a USD 1 trillion economy by 2030 while sustaining job creation efforts.
"We are building a $100 billion electronics manufacturing ecosystem — and every factory we launch is a step closer to that dream. Welcome to Tamil Nadu, Dixon, HP and all the other brands whose devices will now be manufactured here in TN," said TRB Rajaa, minister of industries, Tamil Nadu.
The statement indicates that Tamil Nadu achieved a remarkable 9.69% economic growth rate in the fiscal year 2024‑25, marking the highest growth in the state over the past decade and positioning it as the top‑performing state in India during that period.
On the same day, Dixon Technologies’ shares closed 2% higher at Rs 13,282.45 per share, outperforming the benchmark Nifty, which declined by 0.61%. However, the stock has experienced significant declines, dropping 72.67% over the past 12 months and 25.95% year‑to‑date.
