Global company launches $56M state-of-the-art manufacturing facility in Lugoff

URLhttps://www.coladaily.com/business/global-company-
Sourcecola daily
Date Published09/15/2023
Author NameAmanda Cooper

Additional Reshoring Information:

Company/Division name Sterlite Technologies
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):56
Country(ies) from which reshored:India
City reshored to:Lugoff
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredtelecommunication wires
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies
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