Wistron’s Rs 5,000-crore plan for Apple gets ministry nod

The information technology ministry has approved contract manufacturer Wistron’s Rs 5,000-crore plan to make high-end Apple devices, a move that will give a big push to the government’s Make in India initiative. Wistron currently makes cheaper Apple phones in India.

“We have just approved Wistron’s Rs 5,091-crore application and it is with the Cabinet now… Wistron will make the latest iPhone models,” IT minister Ravi Shankar Prasad said in an interview, adding that another contract manufacturer Foxconn had submitted an application for a Rs 2,500-crore project on December 31.