This announcement represents a pivotal shift in Apple’s strategy, moving away from a predominant reliance on Chinese production and venturing into India’s growing manufacturing prowess.
Electronics and Technology Minister Rajeev Chandrasekhar underscored the Indian government’s full commitment to supporting the growth of global Indian electronics companies. This support extends to collaboration with international electronic brands that aim to establish India as a trusted manufacturing and talent partner. The initiative aligns with the vision of Prime Minister Narendra Modi, who aspires to position India as a global electronics powerhouse.
In a significant move, Tata Group has acquired the operations of Wistron Corp, a prominent supplier to Apple. This acquisition, valued at approximately $125 million, signifies India’s growing importance in Apple’s diversification strategy. The transaction was officially announced during a board meeting, emphasizing the increasing role of India in Apple’s global supply chain.
