New Delhi: In a major announcement today, Electronics and Technology Minister Rajeev Chandrasekhar announced that Tata Group is set to commence the manufacturing of Apple iPhones in India, catering to both domestic and global markets, within the next two and a half years. This strategic move highlights India’s burgeoning production capabilities and marks a significant shift from Apple’s earlier approach of predominantly selling devices manufactured in China to customers worldwide.
“PM @narendramodi Ji’s visionary PLI scheme has already propelled India into becoming a trusted & major hub for smartphone manufacturing and exports. Now within just two and a half years, @TataCompanies will now start making iPhones from India for domestic and global markets from India. Congratulations to the Tata team for taking over Wistron operations. Thank you @Wistron for your contributions, and great going for Apple in building a global supply chain from India with Indian companies at its helm. @GoI_MeitY stands fully in support in growth of Global Indian Electronics companies that will in turn support global Electronic brands that want to make India their trusted manufacturing & talent partner and to realize PMs goal of making India a global electronics power” the Minister Twitted.
Earlier, Taiwan-based Wistron has announced that its Board of Directors have approved sale of 100% stake in its India subsidiary “ Wistron Infocomm Manufacturing India Limited for USD 125 million.