Apple Assembler Pegatron Invests $150 Million into Opening a Plant in India
Key Apple assembler Pegatron is investing $150 million into opening a manufacturing plant in India.
The company’s board of directors have recently passed a proposal that would see ground being broken in the second half of 2021 or in early 2022. According to Economic Times, sources have said that Pegatron is planning to invest more into the country over the next two years.
Earlier in July, Pegatron had registered its India subsidiary. However, due to complications from the pandemic, it has been difficult for staff to visit India. This has since resulted in a delayed timeline for the company.
Along with other key manufacturers Foxconn and Wistron, Pegatron will be taking part in India’s Production-Linked Incentive scheme. The PLI scheme began on August 1st, 2020 and provides incentives for locally manufactured smartphones. Apple will reportedly be producing devices worth $50 billion over the next five years. Government data has shown that the bulk of that will be utilized for exports. Pegatron will be inducted into the scheme on April 1, 2021, as it is the only manufacturer not to have a current presence in the country.
Pegatron had recently been put under the microscope earlier this month as it was discovered that its Shanghai and Kunshan plants had been violating Apple’s labour code. The assembler has since been put on probation, ceasing future contracts.