Dive into the tech & future
Salcomp, a Finland-based parts supplier to Apple, has said that it plans to double its workforce in India to 25,000 over the next three years, as per a report. The company is targeting annual revenue of at least $2 billion to $3 billion by 2025 in the country.The development comes at a time when Apple … Read more
Finance minister Nirmala Sitharaman announced in the Union Budget speech that the central government will exempt customs duty on imports of certain parts that are used in smartphones and remove the 2.5% customs duty on select parts of mobile camera phones. Following the announcement, a tax official has said that the move is likely to … Read more
India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion (roughly Rs. 40,960 crore) between April-October in 2022, primarily … Read more
Apple suppliers Foxconn, Wistron and Pegatron are already manufacturing iPhone 14 series models in India, and the company now wants to scale up making in India due to a favourable business environment, said Piyush Goyal, Minister of Commerce and Industry, and Textiles. He said that India’s business environment is helping global firms make the country … Read more
Tata Group has reportedly been eyeing the Taiwan-based Wistron’s manufacturing facility in Karnataka that assembles iPhones for months. Bloomberg reports that Tata plans to close the acquisition by March this year.The Indian conglomerate has been in talks with Wistron to acquire its iPhone manufacturing plant in the east of Karnataka since last year. The two … Read more
Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker.The airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp, for months, and is looking to complete the purchase by the end of March, according to … Read more
Apple has created around 50,000 direct jobs in India through its contract manufacturers and suppliers, such as Foxconn, Wistron, and Pegatron, since the smartphone production-linked incentive scheme (PLI), said government officials. Additionally, Apple’s manufacturing efforts in India have also been said to create around 100,000 indirect jobs, said officials citing the job data submitted by … Read more