Union Minister Rajeev Chandrasekhar made a significant announcement regarding India’s Tata Group. They are set to begin producing iPhones in India, catering to domestic and global markets.
He congratulated Tata’s team for taking over Wistron operations and expressed appreciation for Wistron’s valuable contributions.
In an official statement, Wistron revealed that the estimated transaction price is $125 million.
In a post on X, he wrote, ” 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 India. Congratulations to the Tata team for taking over Wistron operations. Thank you, @Wistron, for your contributions and great going for Apple in building a global supply chain from India with Indian companies at its helm.”
“@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 & talent partner and to realize PMs goal of making India a global electronics power,” he added.