India has emerged as one of the options for Apple’s iPhone production, as the Tata Group is set to manufacture the devices in the country for both domestic and international markets.
Electronics and Technology Minister Rajeev Chandrasekhar said today that the project will be completed within two and a half years, and that the government will support the Tata Group and other Indian electronics companies in their efforts to partner with global brands.
“@GoI_MeitY stands fully in support in growth of Global Indian Electronics companies that will in turn support global Electronic brands that want to make India their trusted manufacturing and talent partner and to realise PM’s goal of making India a global electronics power,” Chandrasekhar posted on X, formerly Twitter.
PM @narendramodi Ji's visionary PLI scheme has already propelled India into becoming a trusted & major hub for smartphone manufacturing and exports.
Now within just two and a half years, @TataCompanies will now start making iPhones from India for domestic and global markets from… pic.twitter.com/kLryhY7pvL
— Rajeev Chandrasekhar 🇮🇳 (@Rajeev_GoI) October 27, 2023
The deal was finalised after Taiwan-based Wistron Corp., a contract manufacturer for Apple, granted approval for the sale of its India unit to Tata Group for $125 million. Tata Group will own a 100% stake in Wistron InfoComm Manufacturing (India) Private Limited (WMMI) following board approval. The deal will proceed to obtain the necessary approvals upon confirmation by the relevant parties.
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The move marks a significant shift in Apple’s strategy, as it has traditionally relied on Chinese factories to produce most of its new iPhones and ship them to customers around the world.
However, the ongoing trade war between the US and China, as well as the rising Chinese labour costs, have prompted Apple to look for alternative sources of production. India, with its large consumer market, skilled workforce, and favourable government policies, has emerged as an attractive option.
Apple has been assembling iPhones in India since 2017, starting with the iPhone SE. Since then, the company has continued to expand its operations leading up to the assembly of the iPhone 15 and iPhone 15 Plus locally.
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