New Delhi: Tata Group, India’s largest conglomerate, has announced that it will start making Apple iPhones in India for domestic and global markets within two and a half years, announced Rajeev Chandrasekhar today. This is a significant development for the Indian manufacturing sector, as it will make India a global hub for iPhone production.
The Tata Group will take over Wistron’s iPhone manufacturing operations in India. Wistron is a Taiwanese company that has been manufacturing iPhones in India for several years. However, Wistron has faced a number of challenges in India, including labor unrest and supply chain disruptions. As a result, Apple has been looking to diversify its iPhone manufacturing operations in India.
The Tata Group is well-positioned to take over Wistron’s iPhone manufacturing operations. The Tata Group has a long history of manufacturing in India, and it has a strong track record of quality and reliability. The Tata Group also has a large network of suppliers in India, which will give it an advantage in manufacturing iPhones at scale.
The Tata Group’s entry into iPhone manufacturing is expected to have a number of positive benefits for the Indian economy. First, it will create jobs in the manufacturing sector. Second, it will boost India’s exports of electronic goods. Third, it will help to reduce India’s reliance on imports of electronic goods.
The Tata Group’s decision to manufacture iPhones in India is also a sign of the increasing confidence of foreign companies in the Indian manufacturing sector. In recent years, a number of foreign companies have announced plans to invest in India’s manufacturing sector. This is because India has a number of advantages as a manufacturing destination, including a large and young workforce, a growing domestic market, and a government that is supportive of manufacturing.
Overall, the Tata Group’s decision to manufacture iPhones in India is a positive development for the Indian economy. It is expected to create jobs, boost exports, and reduce reliance on imports. It is also a sign of the increasing confidence of foreign companies in the Indian manufacturing sector.
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