AFTER ACQUIRING WISTRON'S Karnataka unit and a 60% stake in Pegatron's iPhone manufacturing plant in Chennai, Tata Electronics is set to emerge as India's Foxconn.
Analysts said that the Tata Group company is the first Indian firm to have emerged as a global value chain (GVC) operator in the approximately $4.3 trillion global business. Its key advantage lies in being a contract manufacturer for Apple.
"In the electronics chain to emerge as a GVC player, a firm either needs to be a global brand or a supplier in the global value chain. With Wistron and Pegatron deals, Tata Electronics has successfully positioned itself as a GVC player," an analyst said.
This story is from the December 09, 2024 edition of Financial Express Mumbai.
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This story is from the December 09, 2024 edition of Financial Express Mumbai.
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