New Delhi, Oct 27: The salt-to software conglomerate Tata group would soon start making iPhones in the country for both domestic and global markets, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar announced on Friday.
In a post on X (formerly Twitter), the Minister said that the Tata group will start making iPhones in India within two and half years.
“Now within just two and a half years, @TataCompanies will now start making iPhones from India for domestic and global markets,” he said.
“@GoI_MeitY (Ministry of Electronics and Information Technology) 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 PM’s goal of making India a global electronics power,” he further said in the post.
Chandrasekhar said that the production-linked incentive (PLI) scheme has already propelled India into becoming a trusted and major hub for smartphone manufacturing and exports.
Tata Group has signed the deal to take over Wistron InfoComm Manufacturing (India) Private Limited for US$125 million. Wistron was the first of Apple’s three global contract manufacturers to start rolling out iPhones in India.
While sharing the development, Minister Chandrasekhar attached a press release issued by Wistron about the deal with the Tatas. The media release said that Wistron board in its meeting today granted approval to its subsidiaries, SMS InfoComm (Singapore) Pte. Ltd. and Wistron Hong Kong Limited, to sign the share purchase agreement with Tata Electronics Private Limited (TEPL) for the sale of its 100% indirect stake in Wistron InfoComm Manufacturing (India) Private Limited.
“Upon confirmation and signature of the relevant agreements by both parties, the deal will proceed to obtain the necessary approvals. Following the completion of the transaction, Wistron will make the required announcements and filings in accordance with applicable regulations,” the release said.
