Ravikumar Ramanujam is a Chennai-based former business journalist with about 25 years of experience covering industry and the TN economy BY INVITATIONRavikumar RamanujamTwenty years ago, Sriperumbudur was little more than a fast-growing industrial township on the outskirts of Chennai, known primarily for its automobile and component factories. Today, the corridor has emerged as one of…
Chennai: Taiwan-based electronics manufacturing company Hon Hai Technology Group (Foxconn) has made an investment of $37.2 million (approx Rs 350 crore) into its India arm, Foxconn Hon Hai Technology India Mega Development.The investment was made through its Singapore-based subsidiary, Foxconn Singapore, by acquiring 351.7 million additional units at Rs 10 per share, it informed exchange…
Chennai: A fire broke out at an electronic components manufacturing unit in the Vallam SIPCOT industrial estate near Sriperumbudur in Kancheepuram district on Saturday, damaging goods stored in a warehouse. All 300 workers on duty were evacuated safely, and no injuries were reported.The fire occurred at Venus System Energy, a company engaged in the manufacture…
The facility remains deserted with amenities gathering dust. The facility remains deserted with amenities gathering dust. The facility remains deserted with amenities gathering dust. The facility remains deserted with amenities gathering dust. The facility remains deserted with amenities gathering dust. The facility remains deserted with amenities gathering dust. The facility remains deserted with amenities gathering…
Four contract workers fell unconscious after allegedly inhaling toxic fumes while cleaning a wastewater tank at a private factory near Sriperumbudur in Kancheepuram district on Tuesday. The incident took place at United Industries Plastic Private Limited, located at Vengadu village. According to police, waste generated during the manufacturing process was stored in a wastewater tank…
