Taiwan govt approved Pegatron, one of the largest Taiwanese manufacturers of mobile phones, to set up their unit in India by investing $140 million. It has been approved by the Ministry of Economic Affairs – Investment Commission of Taiwan. Pegatron Corporation is a Taiwanese electronics manufacturing company that mainly develops computing, communications and consumer electronics to branded vendors, but also engages in the development, design and manufacturing of computer peripherals and components.
Indian government has been attracting domestic as well as foreign companies to set up their manufacturing plants in India with an aim to provide employment to the Indian, arrest the flight of foreign currency and to make India a self-reliant manufacturer.