Apple‘s Taiwanese contract manufacturer Wistron Corp is scouting for land in and around the city to set up new assembly lines, a Karnataka government source said. Also Read - Apple co-founder Steve Jobs' job application sold for over Rs 2.5 crore
“Wistron Corp officials have been in touch with government officials. The company is scouting for some 100 acres of land in and around Bengaluru. In all likelihood, it wants to use a portion of it to set up new assembly lines for Apple,” the source told PTI. Also Read - Apple iOS 15, iPadOS 15 beta 4 released: What’s new, how to download
It was only natural for Apple via Wistron to augment local assembly or manufacturing to help the company reduce costs in view of import taxes on products like mobile phones, it said. Also Read - Apple shines in June quarter, posts record sales for iPhones, Macs and iPads
According to a media report, the firm was likely to invest about $157 million to develop the site and the deal could be struck in a few weeks. The India head and global executives of Wistron had met concerned ministerial officials earlier this month, the source said.
During the Union Budget for 2018-2019 presented by Finance Minister Arun Jaitley, the Indian government announced plans to raise the duty on the import of phone parts from the current 15 percent to 20 percent. The move comes with the objective of boosting local manufacturing, domestic value addition and give further push to the Make in India initiative of the government.
With inputs from PTI