Pegatron has started iPhone production in Chennai, the third in India. | So Good News
Pegatron 3rd iPhone maker in India A factory has been opened at Mahindra World City in Chennai, Taiwan. Pegatron It became the third Apple supplier to set up a manufacturing facility in India. The plant will cost around Rs 1,100 crore and will create around 14,000 jobs. Two other Apple suppliers with factories in India are Taiwanese companies Foxconn and Wistron.
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Pegatron 3rd iPhone maker in India Key points
- Pegatron’s facility opening coincides with Apple’s expected relocation of a quarter of its manufacturing operations to India by 2025.
- In February last year, it and the Tamil Nadu government signed a memorandum of understanding.
- The central government’s manufacturing incentive program has received an application from an electronics company.
- Hosur Coimbatore and Sriperumbudur will be converted into electronics manufacturing centers from Tamil Nadu.
- 20% of the country’s electricity is produced with state aid. Among the state’s major investments are Samsung, Foxconn Tata Electronics and Dell. The government is working to improve the supply chain, Stalin said.
iPhone manufacturing in India
Stalin reaffirmed the government’s plan to reach the $1 trillion economic goal. The state is giving special incentives to develop the industrial sector. He said: “We are trying to increase employment and support different initiatives in various fields. Apple began assembling the iPhone domestically in 2017, manufacturing most of its older phone models in India.
According to a study by JP Morgan, Apple plans to produce 5% of global iPhone 14 production in India by 2025 in an effort to diversify its China-focused manufacturing.
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