Apple partners Wistron, Foxconn boosted by 1-4% local cashback on sales

Tim Cook at Foxconn
Tim Cook at Foxconn (Image credit: Apple)

What you need to know

  • Wistron and Foxconn are two of several companies selected by India to be part of a group that will earn cashback.
  • Both will receive cash-backs of between 1% and 3% sales of locally-made goods for four years.

India has named multiple companies that will benefit from cash-backs of between 1% and 3% sales of locally-made goods, with two of Apple's manufacturing partners on the list. Both Wistron and Foxconn are joined by Dell, and others on a list that are part of a $1 billion incentive plan to have companies produce electronics in India.

As reported by Reuters, the plan could see Apple benefit from the announcement — it was previously suggested that iPad production in the country could be boosted in particular.

Prime Minister Narendra Modi's policy push in the electronics sector has prompted Apple suppliers Foxconn and Wistron to expand in India, and driven Pegatron Corp(4938.TW) to set up base there.

India has seen itself grow into the world's second-biggest mobile market, behind China. The country's huge potential market helps, as does recent moves by companies like Apple to try and diversify the countries it relies on following last year's COVID-19 situation in China.

Wistron in particular found itself in headlines for the wrong reasons not too long ago. An iPhone manufacturing plant in the country was forced to close after a riot over unpaid wages. The facility was closed for three months, impacting global iPhone production. The same company has also been on the receiving end of trade union ire over working violations as recently as December 2020.

Of course, none of this will see Apple's iPad prices lowered so make sure to check out our collection of the best iPad deals when ordering!

Oliver Haslam

Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.

Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.