Pegatron, the world’s largest tech company that assembles Apple’s iPhone, is set to invest in India after Google. Pegatron is considering setting up its first assembling plant in the country. In fact, to attract foreign investors, the Indian government had in June launched a special scheme worth Rs 50,000 crore. Under this, smartphone manufacturers in the country and around the world are being encouraged to invest in India.
Google recently announced an investment of Rs 75,000 crore in the next 5 years. Several companies, including Foxconn, are willing to invest. A source told Bloomberg that Pegatron is coming to India after Foxconn and Wistron, popularly known as Honami.
Apple’s third company after Foxconn and Wistron is preparing to come to India
Pegatron is the second-largest assembling company for the iPhone. Half of its business comes from Apple. The company has opened several factories in China but is looking for a safer place for the future, given the ongoing tensions between China and the US. Foxconn and Wistron are currently making iPhones in India.