Upcoming Apple Products Likely to be Manufactured in India : Report
Yes, the back panel of your iDevice might shortly read “Assembled in India” as Foxconn, the major contract manufacturer of Apple, is planning to set up an Apple assembly plant in India. Industries Minister of Maharashtra, Subhash Desai remarked that Foxconn will come to scout for a location in India, as reported by Reuters.
The statement by Desai says, “Foxconn is sending a delegation of their officers to scout for locations in a month’s time.” The relocation of Apple assembly store from China to India will first of all aid Foxconn in cutting down the accelerated wage cost, and the lower production cost will help catch up with the mounting demand, which the Cupertino-based firm was failing to match with its supply shortage. The increased production will make the revenue numbers jump, hence, giving a stiff competition to India’s leading smartphone manufacturer Samsung and Micromax.
The world’s biggest Taiwanese electronics producer is said to build up 10-12 facilities in India by 2020, which includes data centres and factories. No confirmation has come from either Foxconn or Apple on the same, and an official statement would be required to authenticate the report.
It’s not the first time Foxconn will operate from India. The tech firm was earlier functioning in India, manufacturing Nokia phones, but as soon as Nokia’s mobile division was acquired by Microsoft last year, Foxconn had to shut shop in India. The return of Foxconn will boost smartphone manufacturing in the country, making it an electronics hub. Simultaneously, it will give a major push to Prime Minister Narendra Modi’s ‘Make in India’ campaign of bringing multinational companies to produce goods and services locally in India.
Along with Apple, Foxconn is under contract with Acer, Sony and Xiaomi to manufacture devices for them. If Foxconn comes to India, other brands assembled by the manufacturing company are likely to go cheap as the transportation charges and service tax will be eliminated.
The institution of the Foxconn manufacturing plant in India will establish our country as the biggest producer of technology products, and can also be a threat to Samsung in the high-end product segment, in the future.
[tw-button size=”medium” background=”” color=”” target=”_self”]Source[/tw-button] [tw-button size=”medium” background=”” color=”blue” target=”_self” link=”https://sg.finance.yahoo.com/news/iphone-maker-foxconn-talks-build-130931349.html”]Reuters[/tw-button]