Tata to set a plant for Apple phone components         The Tata group is investing rupees 5,000 crore to set up a phone component manufacturing plant at the industrial complex in Hosur, Tamil Nadu . The new company, Tata Electronics , has been allotted 500 acres by TIDCO (Tamil Nadu Industrial Development Corporation), and the Bhoomi poja was performed on Tuesday. The investment will be scaled up depending on the level of sourcing from the facility and could even touch rupees 8,000 crore . The unit will be manufacturing components for Apple because Apple is looking to diversify its sourcing base from china.   History  Foxconn is already manufacturing handsets, including iPhone 11, for Apple at its facility in Sriperumbudur , outside Chennai. At the moment, the iPhone maker contracts Foxconn, Wistron and Pegatron for manufacturing (only assembly) its phones in India.   Job opportunity The new unit will have staff strength o...