The Tata Group has acquired Wistron's operations in India, paving the way for it to manufacture and assemble Apple iPhones in India for both domestic and global markets. The announcement was made by Union Minister Rajeev Chandrasekhar on social media platform X.
Along with his statement, he attached a press release issued by Wistron, where it announced that it held a board meeting today and granted approval to its subsidiaries, SMS InfoComm (Singapore) Pte. Ltd. and Wistron Hong Kong Limited, to sign the share purchase agreement with Tata Electronics Private Limited (TEPL) for the sale of its 100 per cent indirect stake in Wistron InfoComm Manufacturing (India) Private Limited.
“Upon confirmation and signature of the relevant agreements by both parties, the deal will proceed to obtain the necessary approvals. Following the completion of the transaction, Wistron will make the required announcements and filings in accordance with applicable regulations,” the release added.
This announcement makes it official that Tata Group will become the first Indian firm to manufacture iPhones in India.
Chandrasekhar went on to credit Prime Minister Narendra Modi for the “visionary PLI scheme”, stating that it has already propelled India into becoming a “trusted and major hub for smartphone manufacturing and exports”.
“The Government of India, represented by the Ministry of Electronics and Information Technology (MeitY), stands fully in support in growth of Global Indian Electronics companies that will in turn support global Electronic brands that want to make India their trusted manufacturing & talent partner and to realize the PM's goal of making India a global electronics power,” Chandrasekhar said.
This achievement not only marks a milestone for the Tata Group, but also reflects the growing prowess of India in global electronics manufacturing.
Source: India Today