Wistron has committed to an investment of Rs.1,500 crore which is likely to create around 3,000 jobs, according to state large and medium industries minister MB Patil.
In a strategic move that echoes innovation and foresight, the Tata Group has received the coveted approval from the Competition Commission of India to acquire Wistron Infocomm Manufacturing (India) Pvt., the local subsidiary of Taiwanese tech giant Wistron Corp.
The Tata Group is set to become the first Indian company to assemble Apples iPhone. The conglomerate is close to a deal to acquire Apple supplier Wistrons Karnataka facility, from where it would continue producing iPhones. This and more in todays ETtech Top 5.