The Tata Group is in talks with Apple Inc. to set up an electronics manufacturing joint venture in India.
Also, Tata has asked Taiwanese suppliers to assemble the iPhone in the South Asian country.
This deal will be a big boost to the country’s effort to challenge China.
New Delhi. The Tata Group is in talks with Apple Inc. to set up an electronics manufacturing joint venture in India. Also, it has asked Taiwanese suppliers to assemble the iPhone in the South Asian country. In this regard, people familiar with the matter say that the purpose of talks with Wistron Corp is to strengthen Tata in manufacturing technology.
In addition, the Indian group wants to tap the expertise of the Taiwanese company in product development and supply chain, from salt to software. He said that if this deal is successful, it could make Tata the first Indian company to make an iPhone. It is currently mainly assembled in China and India by giants such as Wistron of Taiwan and Foxconn Technology Group.
challenge for china
This deal will be a big step in the country’s effort to challenge China. China is already facing threats from the Kovid lockdown in the electronics manufacturing sector and political tensions with the US. The deal could help other global electronics brands reduce their dependence on China at a time of rising geopolitical risk and give these brands an opportunity to consider assembling their products in India.
Tata may buy Wistron’s equity
At present, the structure and details of the deal such as shareholding etc. are yet to be finalised, however, talks are on on this issue. Experts in the matter say that Tata may buy equity in Wistron’s operations in India or the company may even build a new assembly plant. knew or not.
Apple works with local companies
Let us tell you that this discussion has happened at a time when the American tech giant is looking for opportunities to make different products away from China and strengthen its supply chain in India. Significantly, Apple is known for working with local companies in areas where it can set up manufacturing based, but assembling the iPhone is a complex task, which has to meet the strict deadlines and quality controls of the US company.