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.
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.
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.
Source: livemint
