It's Official. Tata To Make iPhones In India For Global Market
NDTV
PM Modi's financial incentives to boost local manufacturing and Apple's strategy to look beyond China amid a US-China trade war have helped India become increasingly important to the iPhone maker's diversification drive.
Tata Group will start making Apple iPhones in India for domestic and global markets within two and a half years, announced Electronics and Technology Minister Rajeev Chandrasekhar today. The development underscores India's growing production prowess, and reflect a significant departure from Apple's previous strategy of selling mostly Chinese-made new devices to frenzied customers across the world. 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… pic.twitter.com/kLryhY7pvL
"@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 and talent partner and to realize PM's goal of making India a global electronics power," Mr Chandrasekhar posted on X, formerly Twitter.
The group has acquired the operations of Apple supplier Wistron Corp which announced the development in a board meeting today, according to a company statement. The Union Minister also thanked Wistron for "building a global supply chain from India with Indian companies at its helm".
