Taiwanese suppliers for Apple to invest US$900 million in India

Taiwan’s Foxconn, Wistron, Pegatron to commit to India’s new incentive scheme

Taiwan News
Date: 2020/09/29
By: Ching-Tse Cheng, Taiwan News, Staff Writer

Foxconn among Taiwanese manufacturers to invest in India. (CNA photo)

TAIPEI (Taiwan News) — Three Apple suppliers in Taiwan are reportedly planning to invest a total of US$900 million in India in the next five years under the Indian government's new incentive plan for large-scale electronics manufacturing.

The three Taiwanese contract manufacturers — Foxconn, Wistron, and Pegatron — all plan to participate in India's US$6.65 billion production-linked incentive (PLI) scheme, according to Reuters. The scheme is expected to help add 0.5 percent to India's economic growth in five years by encouraging local electronics production and attracting large investments from major global manufacturers.    [FULL  STORY]

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