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Taiwanese giant Wistron exceeds PLI investment obligation in just 8 months

Apple manufacturer invests Rs 1,255 crore in India factory

PLI scheme, electronics, smartphone, mobile, manufacturing

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With this, Wistron and Foxconn Hon Hai, the two vendors which have already set up factories for manufacturing Apple phones in India, have together invested over Rs 1600 crore

Surajeet Das Gupta New Delhi

5 min read Last Updated : Jul 02 2021 | 6:10 AM IST

Apple Inc’s leading contract manufacturer, Taiwanese giant Wistron, has exceeded its investment obligation in India in just eight months, although the government’s production-linked investment (PLI) scheme allowed it to complete the investment in four years.

Between August 2020 and end March 2021, Wistron made an investment of Rs 1255 crore — 25 per cent more than the total investment it had committed to the government. Under the PLI scheme for mobile devices, the government had stipulated that each of the five participating global companies needed to invest Rs 250 crore every year for the first four years, totalling Rs 1,000

Topics : Wistron iPhones PLI scheme Apple manufacturing Electronics industry India mobile manufacturing

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