Apple looking to start production in India

According to a recent report by an international news agency, global handset major Apple is looking to start production in India. The company had similar plans in 2017 but could not succeed as the government did not agree to its demand of duty exemption and a relaxation in the mandatory clause of 30 percent local sourcing of components.

But considering the decline in its global iPhone shipments, the company is now toying with the option of assembling its handsets at a Foxconn plant in Tamil Nadu. The company has witnessed rising sales in India and it is now keen to have a manufacturing base in the country. Initially, the Foxconn plant at Sriperumbudur will be assembling some of its recent iPhone X series devices. A formal announcement is expected to be made later this month at the World Economic Forum annual summit in Davos.

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