Its Official: Apple to Manufacture iPhones in India by April 2017. From quite some time the tech giant Apple was trying to get approval from the Indian Government to manufacture its devices in India. Now at last the wait is over as Priyank Kharge, the IT minister for the Indian state of Karnataka, has said that Apple will soon begin assembling iPhones in the country.
The IT minister Priyank Kharge revealed that:
“Apple’s iPhones will be made in Bangalore by the end of April. All devices will be targeted at the domestic market.”
Its Official: Apple to Manufacture iPhones in India by April 2017
Though, Cupertino has yet to make the things official or give any time period for production take-off. Apple is said to be collaborating with Taiwanese contract manufacturer Wistron for its Indian operations.
Apparently Apple is preceding some of its more customary partners for this deal, such as Hon Hai Precision Industry Co., Ltd., also know as Foxconn. Still, others might be devised later, as production expands.
Other than the manufacturing effort, it does seem Apple’s long-term intention is to extend on the local market. As a part of the current negotiations, the US giant has also sought approval for running its own network of stores.
“I feel really good about how we’re doing [in India].”
Apple CEO Tim Cook said on an earnings call this week after reporting record revenues for the country.
Apple to Collaborate with Taiwanese contract manufacturer Wistron for its Indian operations
“We are in discussions on a number of things, including retail stores, and fully intend to invest significantly in the country. And believe it’s a great place to be.”
Expanding in developing markets is incredibly tough, especially in value-conscious India. In 2016, iPhone shipments into the country just added 2.5 million units. But it was enough to earn Apple the tenth place in the most sold brand list.
Still, the US company has high aims for an ever-increasing living standard in India. Thus providing a wider market for its premium devices. Apple’s entrance into the local production scene might just kick the process into high gear, as India will essentially only be the third country to ever take on iPhone production.
On the other hand Cupertino has also, avowedly, managed to negotiate some great starting conditions with the local government. The conditions includes a 15-year tax holiday for importing components and equipment.