The Tata Groups acquisition of Wistrons manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of the matter. Both sides signed the takeover deal on Wednesday, they said.
The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country s contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.
The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country s contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.
Tata Electronics will pay $125 million for the 100% indirect share in Wistron InfoComm Manufacturing (India) Private Limited, which has a facility in Kolar, near Bengaluru, where the Apple iPhones were being manufactured | Latest News India
Tata Group to make iPhones in India yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.