New Delhi, Aug 20 (IANS) In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024.
The iPhone unit by Tata is being built in Hosur, Tamil Nadu. The iPhone facility is expected to employ over 50,000 workers, mostly women.
The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago. Tata Electronics is reportedly investing Rs 6,000 crore in the new plant.
The Tata Group acquired Taiwanese electronics manufacturer Wistron’s India operations for $125 million in October last year. The iPhone contract manufacturers in India now include Foxconn, Tata and Pegatron.
Reports first surfaced in December last year that the Tata Group is planning to build one of India’s largest iPhone assembly plants in Tamil Nadu’s Hosur. Tata already operates the iPhone manufacturing plant in Karnataka, which it has purchased from Wistron.
The shift in Apple manufacturing in the country happens as the tech giant aims to manufacture more than 50 million iPhones in India per year.
Meanwhile, Apple has begun to train thousands of workers at its factory in Sriperumbudur, Tamil Nadu (operated by Foxconn) for launching latest iPhone 16 Pro and Pro Max models in the country post the global debut this fall.
Apple is set to make its ‘Make in India’ iPhone 16 Pro and 16 Pro Max models available in the country right after the global launch.
iPhone 16 is set to be made available on the first day of global sales in India, just like last year when iPhone 15 arrived in the domestic market on the very first day of the global sale. It will be shortly followed by iPhone 16 Plus models.
Foxconn is a major Apple supplier globally and has invested 1.4 billion dollars in India to date, with more to come. The Taiwanese contract manufacturing giant’s business in India has surged to 10 billion dollars till last fiscal, according to its CEO and Chairman, Young Liu .
Apple’s India operations reached 23.5 billion dollars in value in the last fiscal (FY24).
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
