Tata Group, the renowned Indian multinational conglomerate, is set to enter the world of iPhone manufacturing. The company’s recent acquisition of Wistron’s India operations signals a significant move into the production of Apple iPhones, with the aim of exporting them to global markets within two and a half years.
India’s Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, commended Prime Minister Narendra Modi’s Production-Linked Incentive (PLI) scheme, stating, “Within just two and a half years, Tata Companies will now start making iPhones from India for domestic and global markets.” He also congratulated the Tata team for taking over Wistron operations.
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
— Rajeev Chandrasekhar (@Rajeev_GoI) October 27, 2023
Chandrasekhar further affirmed the Indian government’s full support for the growth of Global Indian Electronics companies, emphasizing their role as trusted manufacturing and talent partners for global electronic brands. This aligns with Prime Minister Modi’s vision of positioning India as a global electronics powerhouse.
Tata’s iPhone Production Plan: Tata Group, a prominent Indian conglomerate, is set to manufacture Apple iPhones in India with the aim of exporting them to global markets within two and a half years.
Government Support: India’s Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, commended the government’s PLI scheme, emphasizing Tata’s pivotal role in iPhone production.
Acquisition of Wistron’s Operations: Tata’s acquisition of Wistron’s operations in India serves as a strategic move to further Apple’s goal of relocating a significant portion of its global iPhone production to India by 2025.
Diversification of Production: This move by Apple is seen as part of a broader strategy to diversify its manufacturing base beyond China, particularly amid escalating tensions between the U.S. and China.
‘Assembled in India’ iPhones: In September, Apple introduced ‘Assembled in India’ iPhones, comprising 15 models, manufactured at Foxconn’s Tamil Nadu facility. These iPhones are being exported to various regions worldwide.
Apple’s Focus on the Indian Market: Apple has been intensifying its efforts in the Indian market, evident from the opening of two official Apple stores in the country Apple BKC in Mumbai and Apple Saket in New Delhi.
Tim Cook’s Enthusiasm: Apple’s CEO, Tim Cook, expressed high regard for the Indian market, emphasizing its significance as a major focus area for the company’s operations and growth.
The post Tata Group’s Bold Move: iPhones ‘Made in India’ for Global Markets in 2.5 Years, Wistron Acquisition Confirmed appeared first on Before You Take.