Wistron, Foxconn investments to boost Apple's business in India

If Foxconn's Rs 2,500 crore plan gets approval, Xiaomi and Nokia will benefit too

The proposed investments by two of Apple’s key contract manufacturers could give the much-awaited booster shot to Cupertino-headquartered firm’s business in India. The investment proposals from Taiwanese contract manufacturers Wistron and Foxconn come at a time when Apple is in trouble in the world’s fastest-growing major market for smartphones.

On Tuesday Union Minister for electronics and information technology, Ravi Shankar Prashad said that an investment proposal submitted by Wistron – worth Rs 5,091 crore – has been approved by the Ministry of Electronics and Information Technology (Meity) and is now due for cabinet approval. Foxconn – another global manufacturer for