iPhone supplier Murata to open first factory in India: What the company has to say

iPhone component supplier, Murata Manufacturing Co. is planning to relocate some of its production to India. The Kyoto-based company that manufactures multilayer ceramic capacitors has announced that its Indian subsidiary has agreed to lease a 3,500 square-metre factory within an industrial park in OneHub Chennai Industrial Park, Tamil Nadu. The company also noted that the handover of the same will take place in February 2025. Through this venture, Murata will gain experience in factory operations in India and prepare for upcoming manufacturing activities in the country, the company added. Murata also confirmed that this facility will be used for the packaging and shipping of multilayer ceramic capacitors and is aiming for its full-scale operation in FY 2026.