Three Apple suppliers invest $900 million in India

Foxconn, Pegatron et Wistron, three Apple suppliers, announced this Monday that they would launch a 5-year investment plan in India. They will thus benefit from the PLI, the Indian production incentive program. Funded by the government to the tune of $6.65 billion, this major investment plan hopes to be able to increase the number of smartphones sold in India and which have been produced in the country.

Foxconn is perhaps the best-known provider on this list. He plans to invest up to40 billionof rupees - the equivalent of 542 million dollars - in the creation of new production factories dedicated to Apple. For their part, Pegatron and Wistron have planned to invest 13 and 12 billion rupees respectively, or approximately 175 and 160 million dollars.

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For the moment the information related to this investment announcement has not been confirmed, neither by Apple's suppliers nor by the government. But several sources agree that the discussions have been finalized for several days already.

The Wistron company, which already builds 200,000Second generation iPhone SEin its Indian factories, has planned to double its production within 5 years. A project which should make it possible to create10,000 jobsin its factories!

For several months, Apple has been seeking to diversify the production origins of its smartphones. The apple brand knows that relationships betweentheChineand the United States is very tense and the firm fears an economic embargo, which, de facto, would block the export of millions of Apple products.