Pegatron spends $14 million on land for iPhone production in India

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Pegatron plans on setting up a manufacturing base in Chennai, India, gearing up to produce iPhone models in the second half of 2021 at the earliest.

Pegatron spends $14 million on land for iPhone production in India


Pegatron continues to prepare to shift some of its iPhone production to India, spending over $14 million acquiring land and securing rights to build a factory in Chennai.

According to a source that spoke to the DigiTimes, the new site would primarily be used for iPhone production and could employ about 14,000 workers there.

It was previously reported that Pegatron had registered a subsidiary in India, which made it clear that the company had hopes of moving some of its iPhone manufacturing out of China.

In November, it was reported that Pegatron would spend $150 million into its first production facilities in India.

India's Ministry of Electronics and Information Technology has been trying to manufacturing jobs to the country through various tactics, including offering incentives to smartphone manufacturers, as part of its larger "Make in India" program.

Comments

  • Reply 1 of 4
    How much land does 15 million buy in India. Enquiring minds want to know.
    applesheep
  • Reply 2 of 4
    How much land does 15 million buy in India. Enquiring minds want to know.
    All India 😂
  • Reply 3 of 4
    Imagine going from an empty plot of land to a functioning factory with 14,000 workers in less than a year here in the US.
  • Reply 4 of 4
    gatorguygatorguy Posts: 24,293member
    I was reading a report today that India's government is not looking favorably on Chinese companies coming into the country to establish Chinese factories for producing Apple products. They want to see Apple try much harder to work with India-owned manufacturing facilities. No doubt this would apply to other companies products as well.
    goodbyeranch
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