Wistron Corp, a smartphone component maker which has customers like Apple has applied for permission to expand its plant in India, in the city of Bengaluru.
Reuters reported that Winston Corp. had also requested the application to be fast tracked. This news comes two weeks after Wall Street Journal reported that Apple was in talks with the Indian Government about the possibility of assembling products in India, which is one of the world’s biggest smartphone markets.
This comes as a great news to the Indian Government as they have been actively seeking to attract global manufacturing companies under “Make in India Slogan”. Back in October Samsung India Electronics announced that it was going to invest $296 million with a plan to strengthen its commitment towards “Make in India” and “Make for India.
Ford the american car makers said that it would invest $195 in India in an effort to build the second largest technology center outside its global headquarters. Ford also said that the center would also include teams working on advanced financial analysis and future data analytics.
Wistron wanting to build a plant in India after all does not come as a surprise. “Wistron has approached us to expedite certain clearances with regards to the augmentation and expansion of its existing unit,” said the government official.
Reuters also said that, analysts have said that local manufacturing comes as a bigger strategy got Apple to expand in India and even lower prices since Tim Cook’s visit to India and meeting the Prime Minister Narendra Modi.