- Reportedly, Pegatron is setting up a local subsidiary and joining Foxconn Technology Group and Wistron Corp
- This entry could be seen as a defensive move to protects its share of budget iPhone manufacturing
According to a report, Apple Inc assembly partner Pegatron Corp is all set to establish its first plant in India, adding to a large influx of foreign tech investments in the country this year.
In June, the Indian government set out a $6.6 billion plan to seek the support of the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp, who have already been making some iPhone handsets in Southern India.
With innumerable factories in China, Pegatron is the second largest iPhone assembler and depends on Apple for more than half of its business. Like its peers, it will set up in the South Of India, according to a person familiar with its plans who asked not to be named. Foxconn, also know as Hon Hai, and Wistron are looking to expand their operations in the country, and Pegatron’s entry can be seen as a defensive move to protect its share of budget iPhone manufacturing, according to Matthew Kanterman of Bloomberg Intelligence.