Finland based Salcomp, a key supplier of charges for Apple has taken over the plant.
Salcom will be investing 2000Crs in next five years, Telecom and IT Minister Ravi Shankar Prasad announced on Monday.
The Salcom will starts the works and the functions of the factory in March 2020. The Chennai plant was shut down in 2014 due to Tax dispute.
Now this will directly employee upto Ten thousand people and another 50,000 thousand people indirectly.