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Wistron to step up investments in India with R&D unit near Bengaluru airport

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ET Telecom
27th September, 2019 09:00 IST
BENGALURU: Taiwanese electronics giant Wistron, a contract manufacturer of iPhones for Apple, has offered to step up investments in mobile and hardware manufacturing in and around Bengaluru, Deputy Chief Minister CN Ashwath Narayan said on Thursday.

The firm has also evinced interest to set up its R&D facility in Bengaluru. The government has offered the company space at its aerospace park near the international airport in Bengaluru.

Deputy CM CN Ashwath Narayan, who holds the IT portfolio, briefed reporters about Wistron’s investment plans after the Wistrong Group director V.Lee called on both Chief Minister BS Yediyurappa and himself.

The Taiwanese giant, according to the Deputy CM, will reduce the investments it has proposed outside of India, and direct most of its investments in Karnataka, he said.

The company initially had plans to invest Rs 900 crore, but now they have proposed to invest Rs 1600 crore in the first phase and further up to Rs 3300 crore in the subsequent phases. The company is implementing its first phase at its 40-acre facility at Narasapur in Kolar, and will add about 15,000 jobs by the end of next year. Wistron already has an iPhone manufacturing unit at Peena in Bengaluru.

“We will extend all support to the company and ensure they face no hurdles in their project implementation,” he said.
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