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Pegatron registers India subsidiary in Chennai as Apple looks to diversify supply

Friday, 17 Jul 2020
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Pegatron, Apple's second-largest contract manufacturer, has registered a subsidiary in India. The company is moving ahead for expanding manufacturing capacity of iPhones in the country. 
 
Pegatron has registered its India subsidiary in Chennai, Tamil Nadu. Presently, the company's officials are in discussions with multiple state governments to find land to set up factories after which they will import plant and machinery. 
 
India is aiming to attract companies that are looking for alternative manufacturing bases and the government in April 2020 launched a slew of incentives including Rs 41,000 crore production linked incentive (PLI) programme to incentivise large electronic manufacturers to set up production bases in the country. 
 
The USD 45 billion Taiwanese contract manufacturer is one of the three global makers of iPhones for Apple. The other two are Wistron and Foxconn which are already present in India. 
 
Pegatron makes notebooks, desktops, motherboards, tablet devices, game consoles, LCD TVs, multimedia players, smartphones, broadband and networking devices. 
 
Apple's turnover in India was approximately USD 1.5 billion in 2019. iPhones accounted for less than USD one billion, of which only a small percentage was locally manufactured.

 

 
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