vedanta to set up iphone manufacturing hub in maharashtra: report
In a boost to electronics manufacturing in India, Vedanta will set up a hub to manufacture Apple iPhones and other television equipment in Maharashtra, Reuters quoted from an interview given by chairman Anil Agarwal to CNBC TV18.The race to manufacture Apple iPhones is heating up with Tata Group in talks with Taiwanese electronics giant Wistron to set up a joint venture.The move is likely to make India a hub for electronics manufacturing as it tries to wean away global biggies from China.Apple is looking forward to diversifying its production away from China as COVID lockdowns have riled the supply chains in the world’s second largest economy.
Vedanta is ramping up its focus on semiconductor manufacturing. It signed a a memorandum of understanding (MoU) as a part of which the company will invest more than Rs 1.54 lakh crore in the state to set up a semiconductor and display fabrication unit, the state government said in a statement on Tuesday.

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