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TECH NEWS : Tata Group is close to acquiring a majority stake in Pegatron Corp's iPhone manufacturing facilities in India, strengthening its ties with Apple. The
Tata Group is reportedly negotiating to take over Pegatron's sole iPhone manufacturing facility in India.
India Business News: India is reducing import taxes on several mobile-device components to boost smartphone production. Apple Inc. and other companies are considering India as a global manufacturing base. Prime Minister Narendra Modi’s government announced the lowering of tariffs on components including plastic and metal mechanical parts, SIM sockets, and screws.
Tata Group: Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 workers within two years, according to the people, who declined to be named discussing unannounced plans. The goal is for the site to be operational in 12 to 18 months.
Tata already operates an iPhone manufacturing in Karnataka, which it purchased from Wistron Corp. Apple has partnered with manufacturing and assembly partners in India, Thailand, Malaysia, and other regions in an effort to diversify its operations away from China.