In a move that will be a big boost to Modi government’s Make In India scheme, global tech giant Apple has decided to assemble its flagship iPhone devices in India, reports Reuters.
Reportedly, Foxconn, a company which assemble Apple Inc’s top-end iPhones will begin its operation from India. The locally assembled iPhones are likely to hit Indian stores next month. Apple’s decision to shift to India will help them reducing prices in the world’s second-biggest smartphone market.
However, Apple Inc is yet to get some approvals. It is expected that India-made iPhone XR and XS devices are expected to hit the market by August. Apple is expected to save on high taxes levied on the import of fully-built devices and it can also meet its local sourcing norms for opening its own retail stores in India.
Interestingly, Apple Inc has not made any comment regarding its decision to shift. Meanwhile, Foxconn said it does not comment on customers or their products.
Earlier, there were reports that tech-giant Apple Inc. will shift its mass production facility from China to India. As per reports, Apple’s iPhone will be mass produced in India by Foxconn Technology starting this year end.
Recently, in July 2018, Samsung had inaugurated the world’s largest mobile phone factory in Noida, India, which will roll out 120 million units per year. Samsung plans to use India not only for manufacturing and local selling but also as an export hub for India-made handsets.