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