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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The deal will see Tata Electronics operate the Chennai plant, with technical support from its Taiwanese partner.
The Tata group's electronics manufacturing arm, Tata Electronics, has agreed to acquire a 60% stake in Pegatron’s sole iPhone plant in India, forming a joint venture with the Taiwanese electronics manufacturer, Reuters reported on Sunday.
The deal will see the Tata firm run the daily operations at the plant near Chennai, while Pegatron will provide technical support. A source contacted by Reuters stated that the deal was announced internally on Friday. Another source stated that the firms would be requesting clearance from the Competition Commission of India soon. Currently, the financial details of the deal remain undisclosed.
Taking a majority …
Government subsidies have drawn companies into basic chip packaging, where China and Malaysia already hold an edge. Moving up the value chain may prove to be a stiff task.
The Department of Telecommunications’ directive that every smartphone come pre-installed with the app follows a familiar pattern of ‘optional’ tools that turn mandatory in practice.
There is little incentive to manufacture in India for export apart from those provided by the government.
