Wistron, Taiwanese iPhones manufacturer for Apple in India has proposed for increasing its investments by up to Rs 900 crore at its facility centre in Narasapura, about 70 km away from Bengaluru.
Last year, the manufacturer had announced an investment of Rs 1,947 crore and its revised plan is expected to add 8,000 jobs, in addition to the employment target of 10,000 which it had previously set, according to a senior government official.
“There is a considerable increase in investment compared to the initial sanctioned size. Wistron has now committed to investing 50% additional amount over and above what was planned earlier and it will create more employment opportunities,” said Gaurav Gupta, Principal Secretary, Commerce & Industries, .
Wistron has also decided to make a substantial increase in its investment as it plans to expand its range from manufacturing smartphones to the Internet of Things (IoT) products and biotech devices. The promise of steeping up in the investment outlays and adding jobs brought positive news for the government at a time when Covid-19 pandemic disrupted the economy badly. The company has utilised about half of the allocated plot and has been ramping up its existing facility capacity and had now embarked on Phase II expansion.