 "Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.")
Corning is optimistic about its growth in India, focusing on mobile consumer electronics and life sciences. Currently, its automotive and optical fiber sectors generate the most revenue. The company, originally known for glass covers for light bulbs, has diversified into various glass technologies. To strengthen its presence, Corning plans to invest over Rs 1,000 crore in a joint venture to produce glass components for smartphones in Tamil Nadu and an additional Rs 500 crore for a borosilicate glass unit in Hyderabad. These facilities will create around 1,500 jobs. The Hyderabad plant is set to operate by mid-2025, while the Tamil Nadu unit will commence later that year. Corning aims to integrate into India’s expanding manufacturing ecosystem.
Corning Sets Its Sights on Growth in India’s Mobile and Life Sciences Markets
In exciting news for India’s tech and life sciences sectors, Corning, a high-tech glass company, is optimistic about its growth prospects in mobile consumer electronics and life sciences. This statement was made by a senior official, highlighting the company’s commitment to establishing a strong presence in the country.
Currently, Corning’s automotive and optical fiber business is its largest revenue generator in India. Founded by providing glass covers for light bulbs invented by Thomas Edison, Corning has evolved to offer a diverse range of glass technologies. These include protective glass for mobile devices and televisions, materials for semiconductor manufacturing, space telescopes, and glass-based packaging for labs and vaccines.
“We waited for the right ecosystem to develop in India, and we are now seeing global players entering the Market to manufacture smartphones. We want to be part of this growing supply chain,” said Gokhan Doran, Vice President and General Manager of Corning International.
The company has committed over Rs 1,000 crore to create a joint venture with Optiemus Infracom, named Bharat Innovative Glass (BIG) Technologies, in Tamil Nadu. This venture will produce finished cover-glass parts for mobile devices. Additionally, Corning plans to establish a borosilicate glass unit in Hyderabad, aimed at producing vials and tubes for life sciences, with an initial investment of Rs 500 crore. This facility is expected to be operational in the first half of 2025.
Furthermore, the BIG Technologies plant will generate between 500 to 1,000 jobs, while the new SGD Corning facility for Velocity Vials will employ around 500 people. Corning is also enhancing its Global Capability Centre in Pune, which is expected to reach full capacity by the end of next year.
Sudhir N Pillai, Managing Director and President for Corning in India, the Middle East, and Africa, emphasized that while automotive and optical fiber sectors are currently the largest contributors to the company’s business in India, mobile consumer electronics and life sciences are projected to be the fastest-growing sectors.
This strategic investment and focus on emerging markets underscore Corning’s commitment to being a key player in India’s growing technological landscape.
Keywords: Corning, mobile consumer electronics, life sciences, investment in India, Gorilla Glass, optical fiber, Tamil Nadu, Hyderabad.
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What is Corning’s plan for growth in India?
Corning is very optimistic about growing its business in India and plans to set up new facilities to support this growth. -
How many people will Corning employ in India?
Corning aims to hire 1,600 people for its new units in India. -
What kind of work will the new units focus on?
The new units will focus on manufacturing and technology development to support Corning’s various products. -
Why is Corning investing in India?
Corning sees India as a key Market for expansion due to its growing economy and demand for technology solutions. - When will the hiring process begin?
The hiring process will begin as the new units are set up, and Corning will provide updates on job openings.
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