Apple in talks to Forge a new Bharat bond: iPhone giant looks to get Kalyani Group co on board for making its components
Apple has started discussions with Bharat Forge on making the Kalyani Group company one of its vendors in India, said people with knowledge of the matter. If this happens, Bharat Forge will be involved in making components, including mechanics, for the US major, they said.
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That would make it the latest Indian entity to forge a partnership with Apple after the Tata Group, Motherson Group and Aequs.
“Apple is looking to work with some of the biggest Indian companies and talks have commenced with Bharat Forge, located in Pune, Maharashtra,” said one of the persons.
Apple and Bharat Forge didn’t respond to queries.
Over the last two years, the Cupertino-based giant has been expanding the Indian supplier ecosystem with a view to increase value addition locally, as the company shifts more of its manufacturing base outside China.
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