Flextronics Chennai Receives Domestic Tariff Area (DTA) Status
CHENNAI, India, June 16, 2015 /PRNewswire/ — Flextronics (NASDAQ:FLEX) announced today that its Chennai facility in Sriperumbudur has been granted the Domestic Tariff Area (DTA) status which will allow the company to ship finished products locally. Flextronics has been operating in Chennai since 2005 at the SIPCOT Special Economic Zone (SEZ). By having both DTA and SEZ status, Flextronics is able to produce and deliver products for both domestic and export markets, with zero customs duty.
"The DTA status provides an added competitive advantage for Flextronics, allowing us to service the domestic market and bring to bear our innovative supply chain services to support the burgeoning electronics sector in India. We are thrilled to receive this status which aligns well with our ‘Made in India’ program," said Richard Hopkins, Flextronics’ Vice President of Operations. He added, "We also have the right building blocks and capacity to help our global customers who wish to build, repair and ship their products anywhere in India."
Flextronics Chennai provides complete supply chain services for diverse products that enable intelligence in everything from computer and communications equipment to energy, food testing equipment and mobile devices, from sketch to scale. Beyond manufacturing, Flextronics also provides centralized processing activities for its global operations from its offices in Chennai and Pune, which include a workforce of more than 5000 employees.