Apple and its partners to shift their major manufacturing plants to India - HACKOGRAPH

Apple and its partners have decided to shift their manufacturing plant towards India from China. Because of this made iPhones will be Made in India. Apple Inc. assembly partner Pegatron Corp. is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year. These investments will less the rate of iPhones in India. 

In June, the Indian government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp., who have already been making some iPhone handsets in southern India.

With a number of factories in China, Pegatron is the second-largest iPhone assembler and depends on Apple for more than half of its business. Like its peers, it will set up in the south of India, according to a person familiar with its plans who asked not to be named. Foxconn, also known as Hon Hai, and Wistron are looking to expand their operations in the country, and Pegatron’s entry can be seen as a defensive move to protect its share of budget iPhone manufacturing, according to Matthew Kanterman of Bloomberg Intelligence.

India has seen a surge of inward investment in recent weeks, with Google, Facebook Inc. and others pouring close to $20 billion into Jio Platforms Ltd., billionaire Mukesh Ambani’s mobile internet venture. Google has committed to spending $10 billion over the next five to seven years to hasten India’s digital transition and Amazon.com Inc. has said it intends to export $10 billion of made-in-India goods by 2025.