Apple To Soon Manufacture IPhones In India

Posted: May 10 2016, 10:43am CDT | by , Updated: May 10 2016, 11:04am CDT, in News | Apple

 
iPhone's manufacturing plant in India

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According to The Economic Times of India, Apple’s supplier Foxconn has been heard closing deals with India in order to set up a $10 billion worth iPhone manufacturing plant in the country over a 1200 acre plot in Maharashtra.

It is said that the same shall take about 18 months when almost after year, this report has been given by Maharashtra’s Industry Minister Subhash Desai as Apple wanted to go beyond China in Asia region.

This is because there have been slower sales for iPhone in the market which is why Apple is working on much more as CEO Tim Cook believes India has great potential market for their phones and services especially after LTE technology came round in the country to be consumed more than ever by adults under 25.

It has also been working to open up Apple stores in the country so that brand transparency is ensured with greater support for first party purchasing. India’s past policy to use 30 pc of domestic suppliers for any international store to be opened in the country has been quite relaxed, which is why this move has come up.

The exception has been given to Apple through the (DIPP) Department of Industrial Policy and Promotion’s Secretary Ramesh Abhishek while Apple is still facing problems due to strict guidelines set by India.

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

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