Try some local food that'll enchant your taste buds with a mix of legacy and contemporary flair
food1 hour ago
Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp to establish a joint venture to assemble Apple's iPhones in India, Bloomberg News reported on Friday.
The venture would be the Indian salt-to-software group's latest push into technology manufacturing, as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter.
Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government's push for local manufacturing.
It wasn't immediately clear if Apple was aware of the talks, the report said.
The plan could result in the Tata group buying equity in Wistron's India operations, the two companies building a new assembly plant, or the execution of both moves together, the report added.
Although details of the deal are not finalised, the Tatas could end up with a share of Wistron's manufacturing business beyond smartphones as well, Bloomberg pointed out.
Apple, Tata Group and Wistron did not immediately respond to requests for comment.
ALSO READ:
Try some local food that'll enchant your taste buds with a mix of legacy and contemporary flair
food1 hour ago
DP World has been actively expanding its footprint across the region
business1 hour ago
The rule allows teams to bring in one substitute at any time for a player in the starting 11
cricket1 hour ago
Lawyers from two countries clashed at the court this month, with Nicaragua saying Germany was 'pathetic' for providing weapons to Israel and aid to Gazans
world1 hour ago
Nation allocated Dh200 billion to investments in clean energy projects locally until 2030
business1 hour ago
He will be making a comeback to the Indian film industry after seven years
entertainment1 hour ago
Key barometer shows 6.4% expansion in first quarter
realty1 hour ago
Swank to launch inaugural project in Meydan
realty1 hour ago