Tata Group to Begin Making iPhones in India After Wistron Acquisition
Tata Group's entry into iPhone production in India through the acquisition of Wistron's local unit, bolstering the country's tech manufacturing sector.
Tata Group is set to start assembling Apple iPhones in India. This comes after Wistron Corp, a Taiwan-based company, approved the sale of its Indian manufacturing unit to Tata Electronics Private Limited. The deal is valued at an estimated $125 million.
Deputy Minister for Information Technology, Rajeev Chandrasekhar, shared this news on the social media platform X. He mentioned that a Tata company will soon commence the production of iPhones in India. These phones will be catered to both domestic and international markets.
The acquisition of Wistron's Indian manufacturing unit by Tata Electronics Private Limited was approved by the Wistron board. However, Wistron has not provided an immediate response to requests for comment.
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Apple has been looking at India as a major market for its future growth. This move is part of Apple's strategy to diversify its production beyond China.
The partnership between Apple and Wistron for iPhone assembly in India began in 2017. Since then, Apple has expanded its operations in India through collaborations with other companies like Foxconn and Pegatron Corp.
In a related context, Tata Group's foray into iPhone manufacturing aligns with India's push for technological self-sufficiency and local production. This step is expected to create job opportunities and contribute to the country's growing electronics manufacturing sector.
It's worth noting that in December 2020, the Wistron plant in Narasapura, Karnataka, had to shut down for three months. This was due to worker protests over unpaid wages, resulting in substantial financial losses.
With Tata Group's entry into iPhone production, the Indian tech manufacturing landscape is poised for further expansion and innovation. This development not only strengthens India's position in the global tech market but also reflects the country's growing prowess in advanced manufacturing.
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