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Wistron estimates $7.11 million loss from its riot-hit India plant ​ By IANS | Published on ​ Tue, Dec 15 2020 19:42 IST | ​ 8 Views   Bengaluru, Dec 15 : Apples iPhone maker Wistron Corporation has estimated the damage from violence at its Narsapura plant near Bengaluru on the last weekend to be around $7.11 million (Rs 52.4 crore). Unlike earlier reports stated, the violence did not cause any material damage to major manufacturing equipment and warehouses, with preliminary estimates of damages to be up to new Taiwan dollar (NTD) 100-200 million ($7.11 million), said Wistron in a regulatory filing on the Taiwan Stock Exchange on Tuesday. Noting that the company was assessing the damage in the facility, the filing said its India subsidiary was co-working with the government authorities and police officials on the investigation into the incident on December 12 in the Narasapura industrial area at Kolar, 55km east of this tech hub in southern Karnataka.

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