te iPhone 16 to be made in India, Apple and 3 allied companies apply for land | Zee Business

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).

iPhone 16 to be made in India, Apple and 3 allied companies apply for land
The company will invest Rs 850 crore and provide employment to thousands of people. Pic: Reuters / Representational image

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.

TRENDING NOW

Also read-Sovereign Gold Bond Scheme 2022: 10 benefits of buying RBI gold bond | SGB December 2022, Interest Rate, Issue Price

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

Written By: IANS
Updated: Wed, Dec 21, 2022
04:11 pm
New Delhi, IANS
RELATED NEWS
Samsung Galaxy A25 5G, Galaxy A15 5G launched in India: Check price, features, camera specs and availability Samsung Galaxy A25 5G, Galaxy A15 5G launched in India: Check price, features, camera specs and availability
Realme C67: First 5G smartphone in C series to be launched tomorrow — Check when and where to watch Realme C67: First 5G smartphone in C series to be launched tomorrow — Check when and where to watch
91% of Indian consumers open to use GenAI-powered financial apps: Report 91% of Indian consumers open to use GenAI-powered financial apps: Report
Apple ends credit card partnership with Goldman Sachs Apple ends credit card partnership with Goldman Sachs

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x