Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Hosur

Hosur greenfield airport delayed until 2033 due to regulatory constraints

PNT Reporter

The Tamil Nadu government's plan to develop a greenfield airport at Hosur has been hindered by a policy from the Centre. The proposed location falls within 150 km of Bengaluru airport, where no new airports can be developed until 2033 due to a concession agreement between the Civil Aviation Ministry and Bangalore International Airport Ltd. Meanwhile, Tamil Nadu is advancing plans for a new airport at Parandur, 65 km from Chennai, with an investment of INR 20,000 crore. Additionally, plans are underway to expand Salem airport to accommodate larger aircraft.Read more

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Apple expands manufacturing in India with Tata's new assembly plant in Hosur

Apple Inc. is expanding its manufacturing presence in India with a new assembly plant by Tata Group in Hosur, Tamil Nadu. The INR 6,000 crore facility, set to begin operations in November, is a key component of Apple's strategy to boost its Production-Linked Incentive (PLI) program. This move reflects Apple's commitment to strengthening its footprint in India and diversifying its global supply chain to mitigate risks from geopolitical tensions and disruptions. The Hosur plant will significantly increase Apple's production capacity, meeting growing demand for iPhones in both domestic and international markets. This expansion is expected to create thousands of jobs, supporting local economic growth and advanced manufacturing skills.Read more

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