More Made-In-India iPhones Will Soon Come As Apple's Partner Pegatron Has Started Operation In The Country

Apple’s second-largest manufacturing partner Pegatron has started its operation in India with Rs 99 lakh for equity shares’ initial subscription and an appointment of statutory auditors. These are the moves necessary for the Taiwan-based manufacturing company to set up its base in the country.

Pegatron made public its operation in India by a declaration submitted to the registrar of companies on the fourth of September.

The Taiwanese firm which manufactures only for Apple picked BSR & Co as its statutory auditors for the fiscal years ending on March 31, 2021. According to the regulatory filings of Pegatron, Akhilesh Bansal, and Chui Tan Lin, Pegatron Corporation Taiwan’s CEO are now Directors of the company’s business in India.

Pegatron is one of the three contract manufacturers of Apple, the other two are Wistron and Foxconn, which already have their operations set up in India.

With the Taiwanese company entering India, the iPhone maker looks to diversify its production of gadgets amid the ongoing tension between China and the US.

The iPhone maker isn’t alone. Many other global smartphone makers have been enticed by the Indian government’s PLI (short for Production Linked Investment) scheme in hope to accelerate local production and exports.

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