TATA GROUP CLOSES IN ON DEAL TO BECOME FIRST INDIAN IPHONE MAKER

The Tata Group is closing in on a deal to become the first Indian company to manufacture iPhones. The group is in talks with Apple to set up an iPhone manufacturing plant in India.

The deal is a significant win for the Tata Group, as it will help the company to expand its presence in the electronics manufacturing sector. The deal is also a positive development for the Indian electronics manufacturing sector, as it will help to attract more foreign investment and create jobs.

Under the terms of the deal, the Tata Group will manufacture iPhones for Apple at its plant in Maharashtra. The plant is expected to have a capacity of 10 million iPhones per year. The production is expected to start in 2024.

The deal is a win-win for both parties. Apple will be able to reduce its manufacturing costs by manufacturing iPhones in India. The Tata Group will be able to expand its presence in the electronics manufacturing sector and create jobs in India.

The deal is also a positive development for the Indian electronics manufacturing sector. It will help to attract more foreign investment and create jobs in India. The Indian government has been taking several steps to promote electronics manufacturing in India. The government has set a target of manufacturing $300 billion worth of electronics products in India by 2025.

The Tata Group is one of the leading business groups in India. The group has a strong track record of manufacturing and exporting products. The group has manufacturing plants in India and abroad. The group’s electronics manufacturing arm, Tata Elxsi, is a leading provider of design and engineering services to the global electronics industry.

Apple is one of the leading smartphone manufacturers in the world. The company has a strong brand presence in India. Apple’s iPhone is one of the most popular smartphones in India. The company has been manufacturing iPhones in China for several years.

The deal between the Tata Group and Apple is a significant development for the Indian electronics manufacturing sector. It is a win-win for both parties and it is a positive development for the Indian economy.

Here are some additional details about the deal:

  • The deal is worth $5 billion.
  • The plant will be located in Maharashtra.
  • The plant is expected to have a capacity of 10 million iPhones per year.
  • The production is expected to start in 2024.

The deal is a positive development for the Tata Group, Apple, and the Indian electronics manufacturing sector. It is a win-win for all parties involved.

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