SEEKING PARTNERS:Taxation difficulties in India for an unnamed client has prompted Inventec to search for other clients to support its US$10m Chennai manufacturing plant
Date: Nov 04, 2016
By: Lauly Li / Staff reporter
Contract electronics maker Inventec Corp (英業達) has set up a plant in India, but has not started operations due to a taxation issue involving one of its major clients and the local government.
The company, whose clients include Apple Inc and Xiaomi Corp (小米), yesterday said it has decided to leave the plant idle until the issue is resolved and it is seeking other clients to place orders.
“We can not start operating the plant while a major client has taxation issues with the local government,” an Inventec official, who declined to be named, told the Taipei Times.
The official said the about US$10 million plant was set up in India’s Chennai in Tamil Nadu state in the second quarter of last year to help one of Inventec’s US notebook computer clients meet Indian Prime Minister Narendra Modi’s “Make in India” policy. [FULL STORY]