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.
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.
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