Taiwan's Pegatron to manufacture Apple iPhones worth Rs 7,258 crore

Manufacturer to invest Rs 250 crore, recruit 5,700 employees in India in FY23

Taiwanese contract manufacturer Pegatron has committed a minimum production value of Rs 7,258 crore of Apple iPhones, Rs 250 crore of investment and the hiring of 5,700 employees and workers in FY23 as it gets ready to start commercial production within a few days.

FY23 will be the first year for Pegatron under the Production Linked Incentive (PLI) scheme for mobile devices. Sources say the factory will start with the production of the iPhone 12  and then move to the iPhone 13.    

Pegatron’s plans to set up the plant last year were stymied by the pandemic. It is the third vendor