After Foxconn, Pegatron to assemble Apple iPhones in Tamil Nadu
By MYBRANDBOOK
Pegatron Corporation has leased nearly half a million square feet in Chennai’s Casa Grande Industrial Park. The company is planning to invest $150 million (Rs 1,100 crore) in the new mobile phone manufacturing facility.
Besides incentives and connectivity, government sources and experts said one of the key reasons behind the company’s decision to zero in on TN was the recent violence at the Wistron factory - one of the suppliers for Apple Inc. outside Bengaluru. After the incident, Apple had placed Wistron on probation.
Pegatron Corporation had, in November last year, approved a proposal to invest Rs 1,100 crore through its subsidiary, Pegatron Technology India, for its India growth plans. It will be the second contract manufacturer to assemble Apple iPhones in Tamil Nadu, after Foxconn, which has pledged to invest $540 million in expanding its capacity at its massive facility in Sriperumbudur near Chennai.
Pegatron has 11 production facilities worldwide. It is also considering a plan to set up a plant in the US.
TN is one of the largest hubs for mobile handsets and components. The state houses major multinationals, including Nokia, Samsung, Flex, Motorola, Foxconn, BYD, among others. It had recently come out with the Electronics Hardware Manufacturing Policy 2020 to increase its electronics output to $100 billion (Rs 7.3 trillion) by 2025. The policy also aims at contributing 25 per cent of India’s total electronics exports to the world by 2025. This set a vision to transform TN into an innovative and a globally competitive electronics system design and manufacturing destination.
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