iPhone 16 to be made in India, Apple and 3 allied companies apply for land
In a meeting held in Korea, Apple along with the associated companies proposed the investment.Seiko Advance Limited, an ink manufacturing company expressed its desire to make its product on 5 acres of land in Sector 29 of Yamuna Expressway Industrial Development Authority (YEIDA).
As Apple plans to manufacture the new iPhone 16 in India, the tech giant along with three associated companies has applied for land to Yamuna Authority.The companies have proposed to set up a unit on about 23 acres of land with an investment of Rs 2,800 crore.
In a meeting held in Korea, Apple along with the associated companies proposed the investment.Seiko Advance Limited, an ink manufacturing company expressed its desire to make its product on 5 acres of land in Sector 29 of Yamuna Expressway Industrial Development Authority (YEIDA).
The company will invest Rs 850 crore and provide employment to thousands of people.
YEIDA CEO Dr. Arun Vir Singh said that Apple and associated companies would be provided land in Sector 29, which is quite developed with many available facilities.He added that the companies would be able to start production after the construction and have deposited 10 per cent of the amount.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
04:11 PM IST