Apple Inc’s provider Pegatron Corp plans so as to add a second manufacturing facility in India. In line with a report by Reuters, the Taiwanese provider is in talks to open a second India manufacturing unit, citing two sources with direct information of the matter.
As per the sources, the corporate’s second facility might come close to the southern metropolis of Chennai in Tamil Nadu state. For the unversed, Pegatron opened its first India manufacturing unit in Chennai nearly six months in the past. It then invested $150 million.
The brand new manufacturing unit, the primary supply mentioned, is “to assemble the newest iPhones“. The brand new manufacturing unit, it added, will probably be smaller than the primary one.
Pegatron at present accounts for 10% of Apple’s iPhone manufacturing in India on an annualised foundation, analysis agency Counterpoint mentioned.
The Reuters report says that Pegatron declined to remark however mentioned, “Any acquisition of belongings will probably be disclosed primarily based on rules.”
Apple and its key suppliers have been shifting manufacturing away from China, proudly owning to the rising commerce frictions between US and China. Lately, Pegatron has sought to increase its footprint in Southeast Asia and North America.
In line with the India Mobile and Electronics Affiliation, India is seen as the subsequent development frontier for Apple. Round $9 billion value of smartphones have been exported from India between April 2022 and February this 12 months, and iPhones accounted for greater than 50% of that.
India is the second largest smartphone market on the earth, the place Apple additionally plans to assemble iPad tablets and AirPods.
The report says that the talks for beginning a second Pegatron facility on lease are ongoing and it is going to be positioned inside Mahindra World Metropolis close to Chennai, simply round the place the corporate inaugurated the primary plant in September 2022.
Pegatron’s deliberate funding outlay for the growth will not be instantly clear, it additional states.
A report by Reuters final week mentioned that Foxconn – one other key Apple provider has plans to construct a $200 million manufacturing unit in India to supply the wi-fi earphones for Apple after successful a contract. The corporate already assembles some iPhone fashions at its Tamil Nadu plant.
(With inputs from companies)
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Supply: Live Mint