Apple's Contract Manufacturer Pegatron Approve $150 million "Make in India" Investments

Joanna Estrada
November 23, 2020

The Cupertino-based tech giant, Apple, has been accelerating its efforts to ramp up the manufacture of its expensive devices in India.

Apple, on its part, is heavily investing in local assembly of iPhones in India as it diversifies outside of China amid heightened US-China tensions.

According to the latest report, the manufacturer is planning to set up manufacturing facilities in India and its ready for an investment of $150 million (approx Rs 1,100 crore).

"This is just the initial investment". Electronics and IT minister Ravi Shankar Prasad had said at an event last week that Apple has shifted nine of its operating units from China to India during the Covid period. "It later ramped up production, with Foxconn beginning to assemble iPhones a year ago and Wistron widening operations". The facility will be the first inside the country, and will likely be involved in iPhone production once the assembly lines begin moving. Pegatron, in turn, said it had taken immediate action after the issue was discovered by Apple's monitoring programme. The details were reported in the Taiwanese local media.

Reports in September said that Apple's top three contract manufacturers Foxconn, Wistron and Pegatron planned to invest a total of nearly $900 million in India in the next five years to tap into a new production-linked incentive (PLI) plan. Further, the report also suggested that the project was delayed due to the COVID-19 and lockdown scenario.

The trade war between the USA and China has gained intensity over the last two years, prompting some industries to look for alternative markets to shift their China-based manufacturing and distribution facilities to.

Other reports by Click Lancashire

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