iphone india manufacturing

Tata officially becomes first Indian iPhone manufacturer; Wistron approves the sale

27Oct

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Technology

Tata officially becomes first Indian iPhone manufacturer; Wistron approves the sale

[ad_1] In yet another proud moment for India, Tata Group has agreed on a deal to purchase Wistrom Corp.'s Karnataka plant, becoming the first Indian iPhone manufacturer. This is the latest move in India's bid to become a global manufacturer catering to not just its citizens, but to the world. iPhones are already been manufactured in India but at the Taiwanese technology company Foxconn's plant. With this move, Tata has officially become the first Indian company to make iPhones in the country.Tata becomes India's first iPhone makerAccording to a Bloomberg report, Wistrom's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd for a sum of approximately $125 million. The unit operates an iPhone assembly plant near Bengaluru, a person familiar with the matter said. ...

Apple CEO Tim Cook to inaugurate first-ever Apple stores in Mumbai, Delhi

[ad_1] It has been seven years since Apple CEO Tim Cook last visited India. Cook visited the country in 2016, the year iPhone 7 series was launched. But now, that is set to change as reports have revealed that the Apple CEO will visit India again next week to inaugurate the country's first-ever Apple stores in Mumbai and Delhi. The visit also comes at a time when Apple is aiming to capture a greater share of the Indian market and bolster its expansion plans into the nation as an alternative to China.The information comes from a Bloomberg report which stated that Cook has scheduled a trip to India next week. He will first be visiting Mumbai during his trip to inaugurate the Apple Store BKC, Mumbai on April 18 and he is likely to visit the Delhi Apple Store in Saket which is set to open o...

India iPhone breakthrough masks struggle to be next China

[ad_1] On paper, India’s chances of attracting global manufacturers look rosy. On paper, India's chances of attracting global manufacturers look rosy. Apple Inc. began assembling its latest iPhone models in the South Asian nation in a significant break from its practice of reserving much of that for giant Chinese factories run by its main Taiwanese assemblers, a key win for Prime Minister Narendra Modi's “Make in India” campaign. Among India's advantages are rising geopolitical tensions between Western nations and China, and a growing friendship with the US, Australia and Japan, which form part of the Quad, a grouping of democracies to counter Beijing's economic and military ambitions. The country's presidency of Group of 20 nations this year could also boost investor confidenc...