Tata to make iPhone for Apple in India
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New Delhi: The business of Tata Group, the country’s largest industrial house, is spread across many sectors. Soon the company is also preparing to enter the business of making iPhone. He is in talks with Apple’s supplier Wistron Corp. and it is believed that a deal can be done between the two companies by August. If the deal goes ahead, the Tata group will be the first Indian company to assemble the iPhone. Wistron’s plant is in Karnataka. According to a Bloomberg report, this value could exceed $600 million. It consists of assembling the iPhone 14 model and employs more than 10,000 workers.
Taiwanese company Wistron manufactures electronic goods on contract. Wistron has set a target of manufacturing iPhones worth at least $1.8 billion from this factory in this financial year so that it can get government incentives. The company also aims to triple its workforce by next year. Wistron wants to exit the iPhone business in India and Tata has shown interest in buying it. Spokespersons for Tata, Wistron and Apple declined to comment. According to sources, the company has decided to get out of Apple’s operations completely and now its focus will be on other business. The company will explore its potential in other products other than Apple in India.Big blow to China
Taiwanese company Wistron manufactures electronic goods on contract. Wistron has set a target of manufacturing iPhones worth at least $1.8 billion from this factory in this financial year so that it can get government incentives. The company also aims to triple its workforce by next year. Wistron wants to exit the iPhone business in India and Tata has shown interest in buying it. Spokespersons for Tata, Wistron and Apple declined to comment. According to sources, the company has decided to get out of Apple’s operations completely and now its focus will be on other business. The company will explore its potential in other products other than Apple in India.
Big blow to China
The government is giving incentives to companies to increase their production and employment. International companies are reducing their dependence on China due to supply issues caused by the Corona epidemic and rising tensions between the US and China. In such a situation, India has emerged as a preferred country for investment. Tata Group has recently entered into electronics production. The company’s factory in Tamil Nadu makes the chassis of the iPhone, ie the metal backbone of the device. Along with this, the company has also shown interest in making chips.
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