Key iPhone assembler Pegatron plans to set up its first manufacturing facility in India this year to address the local telecommunications market, as part of its effort to extend the company's production base beyond China, company Chairman Tung Tzu-hsien said.
We will kick off a small-scale pilot project in India [this year]," Tung said in a recent interview with the Nikkei Asian Review. The plant "will not necessarily be for smartphones," he said. "We plan to start from producing telecom equipment to address the domestic market demand there."
Tung said Pegatron has spent more than one year evaluating its investment in India, and the preliminary review on the conditions of land and labor in some states in the country are satisfactory. But the company has not yet finalized the location for its first plant in the country, nor has it decided on the amount of its investment.
"We don't only consider the condition of land and labor costs there," Tung said. "What Pegatron is eyeing is the domestic demand brought on by the growing Indian economy." Source Nikkie.com
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