Negotiations are being held between Taiwanese supplier Wistron Corp and Indian conglomerate Tata Group for setting up a joint venture for assembling iPhones for Apple in India, according to reports published on Friday.
If the partnership is struck, it will mark the first venture of the Tata Group. This conglomerate deals in virtually everything from salt to software to technology manufacturing. The partnership would allow Tata to use the expertise of Wistron in product development, supply chain, and assembly, said reports quoting information from people with knowledge of the matter.
Apple, based in Cupertino, California, has placed a significant wager on India since it started assembling iPhones there in 2017 through Wistron and later with Foxconn, keeping with the Indian government’s push for domestic manufacturing.
It wasn’t entirely apparent from the reports whether Apple was informed of the discussions.
The plan may see the Tata group purchasing equity in Wistron’s India operations, the two businesses constructing a new assembly plant, or both actions being carried out, according to the report.
Even though the deal’s specifics are still being worked out, Bloomberg reported that Tatas might eventually own a portion of Wistron’s manufacturing operations in addition to smartphones.
There were no comments on the issue from Apple, Tata Group, and Wistron.