Earlier this month, Foxconn, the company’s main supplier for iPhones and other Apple devices, reportedly planned to invest $ 1 billion (about Rs 7,491 crore) to expand its India plants. .
Apple has started manufacturing the iPhone 11 in India. Information about this has been tweeted by Commerce and Industry (Commerce and Industry) Minister Piyush Goyal himself on Friday. The Cupertino-based technology giant has taken the new decision just nine months after launching the assembly line for the iPhone XR in the country. The company will be able to save 20 percent tax through the local assembly of the iPhone 11, which the company had previously paid to import the handset from its global manufacturing plant. Apple has Foxconn, Wistron and Pegatron as suppliers to their iPhone models and all three are currently investing heavily in the Indian market.
Piyush Goyal said in a tweet (translated) “Significant boost to Make in India!” He further confirmed (also translated) that “Apple has started manufacturing the iPhone 11 in India.”
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India has become an important market for all smartphone vendors and a major reason for this is the presence of more than 500 million smartphone users in the country. Companies including Samsung and Xiaomi have already invested a lot of resources in the country to meet the growing demands of Indian consumers. The expansion of user demand has also recently attracted Apple and its suppliers.
Earlier this month, Foxconn, the company’s main supplier for the iPhone and other Apple devices, reportedly planned to invest $ 1 billion (about Rs 7,491 crore) to expand its India plants. . Pegatron – the second largest iPhone assembler after Foxconn – also plans to invest some money in the country and establish a local subsidiary in the coming future.
Apple began its domestic production in India in May 2017 with the iPhone SE. It started at the Bangalore unit of supplier Wistron. However, the Apple team later expanded its local manufacturing with Foxconn’s units in the country.
