Breaking News - The world's most valuable company Apple is looking at Bengaluru to set up an iPhone manufacturing plant, as it looks to replicate its China success in the fastest growing smartphone market in the world.
Apple is turning to Taiwanese contract manufacturer Wistron, which will utilise PC-maker Acer's facility, a top government source confirmed. Wistron was spun off as a separate legal entity from Acer in 2002, focusing on the original device manufacturer market.
"They have taken an Acer facility here. The initial plan is to make iPhones for the domestic market and then we can look at exports," said a government official, who did not want to be named. "The domestic manufacturing policy is clear.. they will be entitled for all incentives under that," the official added.
Wistron has, in the past, won contracts to build Apple's affordable iPhone 5c and iPhone SE models. According to a recent report in Chinese publication Economic Daily News, Wistron would be the third assembler of iPhones for upcoming models, joining Pegatron and Foxconn.
Wistron's board approved the proposal for the Bengaluru unit early this week and it would take around four months to begin production, another official said.
Foxconn, another Taiwanese firm, is also looking at setting up factories for Apple in India, but has not firmed up any plans.(Read More)
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