Foxconn is planning to manufacture iPhones and iPad in India to cut down production costs
Foxconn, Apple’s manufacturing partner, is planning to travel to India where it could explore possible locations for reopening its production facilities. This move could possibly witness iPhone assembly and lower prices for the emerging market. If Reuters reports are to be believed, Foxconn might have found itself an edge considering the fact that production costs will generally be low in India as compared to China which is witnessing a wage increase.
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Subhash Desai, Industries Minister of India’s western state Maharashtra, shed light on the matter during his interview with Reuters “Foxconn is sending a delegation of their officers to scout for locations in a month’s time”. If the reports are to be believed, the Taiwan-based company plans to build around 10-12 facilities in India ranging from factories to data centers by 2020.
It is to be noted that Foxconn has not yet provided any further details about its plans. Foxconn initially had been forced to quit Indian market last year after losing its client Nokia, but now plans to make a comeback to the country, this time around, with plans to manufacture iPhones, iPads and iPods. The return of Foxconn to India might well provide the much needed economic boost to India which currently rivals China in the technology sector.
A brief overview of Foxconn reveals that not only does the Taiwan-based company assembles iPhones, iPads and various other products for Apple, it also serves as a manufacturing partner for various other electronics makers including the likes of Xiaomi, Acer and Sony.
A report from Macrumors said,“A return of Foxconn — which was forced to shut up shop in India last year after client Nokia closed — would be a major victory for India, which badly needs to turn its tech boom into a manufacturing and employment boost.“