Apple has been trying to diversify its supply chain and production facility and as a part of that, the company has made major inroads in the Indian market. Now, yet another Apple supplier is set to start mass-production in India.
As per the latest report from Bloomberg, Taiwan-based Cheng Uei Precision Industry Co., which makes cables and connectors for Apple, will be starting mass production at its plant in India later this year.
Cheng Uei is also known as Foxlink and the company’s chairman is T. C. Gou which is the brother of Foxconn founder Terry Gou.
Several of Apple’s suppliers and contract manufacturers have recently expanded their presence in India. Foxconn Technology Group, Pegatron Corp., and Wistron Corp. have either set up their subsidiary or assemble plant in India.
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Apple started assembling the iPhone in India in 2017, starting with a low-cost iPhone SE through Wistron’s local unit and later ramped up production. Now, Wistron has widened its operations in India while Foxconn has started assembling in the country.
India has introduced a new production-linked incentive (PLI) scheme that offers companies cash incentives on locally-made smartphones over the next five years. Under this scheme, as per the reports, Foxconn has applied to invest about ₹4,000 crores, while Wistron and Pegatron have committed to invest close to ₹1300 crore and ₹1200 crore, respectively.
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