IT WOULD BE INDEED BE THE FIRST TIME AN INDIAN COMPANY ENTERS THE I PHONE ASSEMBLY BUSSINESS,
Tata Group is in talks with Taiwanese supplier Wistron to establish a joint venture to assemble Apple's iPhones in India, Bloomberg reported. Apple began iPhone assembly in India in 2017 via Wistron and later with Foxconn. The plan could result in Tata Group buying equity in Wistron's India operations or two companies building a new assembly plant, the report added.
About tata :-
The Tata Group is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents.
About Apple :-
Apple Inc. (formerly Apple Computer Inc.) is an American computer and consumer electronics company famous for creating the iPhone, iPad and Macintosh computers. Apple is one of the largest companies globally with a market cap of over 2 trillion.
Impact On Indian Employement
According to sources, around 2,000 factory personnel could be asked to go as part of the takeover process. The Bengaluru iPhone plant may also see an attrition of 400 mid-level executives. Already about 4- 5 senior level executives have been let go or are in the process of exiting. Wistron’s Indian plant had nearly eight production lines, which are currently manufacturing iPhone 12 and iPhone 14. There are speculations that Tata will start manufacturing iPhone 15 after the takeover.
Conclusion :-
Move Could Boost India's Domestic Manufacturing And Challange China's Position
0 Comments