Pegatron third iPhone manufacturer in India: With the opening of a factory in Mahindra World City in Chennai, Taiwan’s Pegatron became the third Apple supplier to establish a production facility in India. It will put about Rs 1,100 crore into the facility, which might lead to the creation of 14,000 employment. The other two Apple suppliers with facilities in India are the Taiwanese companies Foxconn and Wistron.
Pegatron third iPhone manufacturer in India: Key Points
- The opening of Pegatron’s factory coincides with Apple’s anticipated relocation of at least a quarter of its manufacturing operations to India by 2025.
- In February of last year, it and the Tamil Nadu government inked an agreement known as an MoU.
- The production-linked incentive programme of the central government received an application from the electronics firm.
- Hosur, Coimbatore, and Sriperumbudur will be transformed into centres for the production of electronics by Tamil Nadu.
- 20% of the nation’s electronics are produced with help from the state. Among the state’s main investments are Samsung, Foxconn, Tata Electronics, and Dell. Stalin claimed that the government was improving the supply chain.
iPhone manufacturing in India:
Stalin reaffirmed the plan put forward by the government to reach the goal of a $1 trillion economy. The state is providing particular incentives for the industrial sector in order to progress in that direction. He said, “We are making efforts to increase employment and support diversification initiatives in every area. Apple began assembling iPhone locally in 2017 and produced the majority of its older phone models in India.
According to a JP Morgan study, Apple is planning to produce 25% of its phones in India by 2025 and to relocate 5% of the world’s iPhone 14 production to India by the end of 2022 in an effort to diversify its China-focused manufacturing.