Apple’s assembly partners to start their production houses in India

Apple has been making news with its plan to set up its manufacturing plant in India. With the country’s Make in India initiative, the Cupertino giant seems to be finally making its entry to the country along with the rest of its partners.

According to sources, Cheng Uei Precision Industry Co, an apple’s major cable maker, plans to start its mass production of wire from its new plant in India. It is, however, not the only industry to begin manufacturing products for apple.

According to reports, Foxconn Technology Group, Pegatron Corp., and Wistron Corp, all of apple’s major assembly partners, have set up a subsidiary for India’s iPhone assembly plant. Apple’s assembly partners plan on investing a total of almost $900 million in India in the next five years.

On the other hand, India is offering ₹665 crores as part of its production-linked incentive (PLI) scheme. The scheme provides companies cash incentives on any increase in the sales of locally-made smartphones.

According to sources, Foxconn will invest about ₹4,000 crores, Wistron will invest ₹1300 crore, and Pegatron has committed to invest ₹1200 crore under the PLI plan.

Wistron currently assembles a rough amount of 200,000 second-generation iPhone SEs per month in India. The company now plans to scale its production up to 400,000 a month.

This new plan by Wistron will result in a significant economic boost for the country. It is estimated to create roughly 10,000 jobs in the country.

Tarun Pathak, an associate director at tech researcher Counterpoint, stated that “India is key to Apple’s global ambitions as it expands beyond China. It offers a strategic market to them where skilled labour is cheaper than other manufacturing destinations; the size of the internal market is huge, and the export potential is enormous”.

Source

Do check out:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Trump’s Tariff Tsunami: Apple’s Supply Chain Under Siege

Trump’s Tariff Tsunami: Apple’s Supply Chain Under Siege

Trump slams Apple with up to 46% tariffs! Discover how these new levies impact Apple’s global supply...
Apple Watch SE Refresh: A Plastic Chassis Sparks Controversy Among Apple’s Design Team

Apple Watch SE Refresh: A Plastic Chassis Sparks Controversy...

Apple is known for its premium materials, but a major shift could be on the horizon. Reports...
M5 MacBook Air: Apple’s Next-Gen Laptop Already in Development

M5 MacBook Air: Apple’s Next-Gen Laptop Already in Development

Apple’s M5 MacBook Air is already in development despite recent M4 launch. Discover release timeline, expected specs,...
Apple Watch With a Camera? Here’s What to Expect by 2027

Apple Watch With a Camera? Here’s What to Expect...

Apple is set to revolutionize the wearable tech industry once again. Reports suggest that by 2027, we...
Apple's Next-Gen AirPods May Feature Tiny Infrared Cameras

Apple’s Next-Gen AirPods May Feature Tiny Infrared Cameras

Apple is reportedly working on a groundbreaking upgrade for future AirPods—integrating tiny infrared cameras to enhance spatial...

LATEST NEWS

Inside Rashmika Mandanna Special Birthday Celebrations: ‘The Girlfriend’ and ‘Kubera’ Teams Honor the Star

When a beloved star like Rashmika Mandanna celebrates her birthday, it’s not just fans who mark the occasion but also those who work closely...

Bollywood Fashion Renaissance: Alia Bhatt, Mira Kapoor and Radhika Merchant Lead This Week

In a week dominated by stunning fashion moments, Bollywood elite have once again demonstrated why Indian celebrities are increasingly recognized as global style icons....

Rashmika Mandanna K-Drama Fashion Revolution: 5 Stunning Korean Outfits That Transformed the Actress

The cultural exchange between Indian and Korean entertainment industries has been steadily growing bu holding the hand of Rashmika Mandanna, with fashion being one...

Mira Kapoor Triple Brand Styling Masterclass: How She Combined Alaïa, Chanel, and YSL

The art of mixing high-fashion brands has long been considered the hallmark of true style confidence, separating the fashion enthusiasts from the genuine connoisseurs...

Featured