Tuesday, May 10, 2016

Foxconn to set to open iPhone manufacturing plant in India:Report


Your next iPhone could be made in India. According to a report in ET Now, the iPhone contract manufacturer Foxconn is in talks with the Indian government to open a facility to make Apple smartphones in the country.


The $10-billion facility will be located in Maharashtra, India. The company is said to be looking for a 1,200 acre of land for the facility.

According to the report, the plant will come into operation by 2017-end. The report cites Maharashtra Industry Minister Subhash Desai who revealed Foxconn’s plans to invest in the state. The development comes shortly after Telecom Minister Ravi Shankar Prasad revealed that Apple will manufacture only new iPhones in India.

Foxconn is reported to have shortlisted Talegaon-Chakan and Khalapur as likely locations. The company has also taken office space in Mumbai for the production of Xiaomi and Reliance Jio's Lyf smartphones. Earlier this year Foxconn confirmed to set up as many as six new manufacturing plants in India. The world's largest electronics major is making products for companies such as Sony, Xiaomi, Gionee and Microsoft at its India units. 

It may be recalled that Apple CEO Tim Cook had held meetings with Prime Minister Narendra Modi last year. According to reports, the two sides discussed possibility of greater investments in India along with starting local manufacturing.

Apple’s plans to tap the budget and mid-range smartphone segment have suffered a major jolt as the Indian government has turned down its applications to sell its refurbished iPhones in the country. Refurbished iPhones would have given Apple to penetrate in the most popular budget and mid-range segment currently Android players are dominating.

Image Source: 9to5mac
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