Foxconn, another Chinese OEM maker and Apple’s biggest contract manufacturer had been scouting for land to set up a manufacturing facility in Maharashtra. Foxconn is however, not looking to tie up only with Apple and has reportedly tied up with OnePlus and Xiaomi for manufacture in India.
The Indian government has been incentivising companies to start manufacturing in India for a long time now. Apple in particular has expressed a great deal of interest in the same as it sees India as a very lucrative market for its portfolio.
The company is currently in talks to set up official Apple-branded stores and is seeking aid and concessions from the government in this regard.
Manufacturing in India will help cut down the price of the iPhone in our country, which is important when you consider that Apple’s iPhones are sold at a significant premium here, compared to the rest of the world.
