Manufacturing gets an Apple boost

The government’s ambitious scheme to boost local electronics manufacturing seems to have started paying dividends.

Reuters reported on Monday that three suppliers to Apple —Foxconn, Wistron and Pegatron—have committed investments totalling ₹6,500 crore in India over five years. The three plan to invest ₹4,000 crore, ₹1,300 crore and ₹1,200 crore, respectively, said the report.

According to two industry executives, the investments will be made towards adding capacities. Foxconn and Wistron already make smartphones for Apple in India, while Pegatron has recently set up a local entity as per a filing with the Registrar of Companies.