India’s biggest conglomerate Tata Group will manufacture Apple iPhones in the country for domestic and international markets, Minister of State (MoS) IT Rajeev Chandrasekhar said on Friday. The MoS IT also congratulated Tata Group for taking over the operations of Wistron’s unit. With this, Tata Group will become the first homegrown iPhone maker.
“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,” Chandrasekhar posted on X, formerly Twitter.
“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,” he added.
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
In a stock exchange filing, Taiwanese firm Wistron InfoComm Manufacturing (India) Pvt. Ltd confirmed its acquisition by Tata Group for around $125 million. This acquisition was driven by strategic considerations in line with the reshaping of the company’s global manufacturing strategy, the firm added, as per TechCrunch.
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