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iPhones Made By India: Tata Group will be first Indian iPhone maker, to seal the deal by August end

News Snapshot:

Tata Group is all but set to sign an agreement to purchase a factory owned by an Apple Inc. supplier, making it the first Indian company to enter the iPhone assembly business. According to insiders, the acquisition of Wistron Corp.’s factory in southern Karnataka state, estimated to be worth over $600 million, follows nearly a year of negotiations. The facility currently employs more than 10,000 workers who assemble the latest iPhone 14 model. Due diligence complete, deal to be signed soon Sources reveal that the Tata Group has been conducting thorough evaluations of the Wistron facility for some time now….

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