According to a new report, after months of meetings and negotiation, Apple will start assembling iPhones in India as soon as the end of April.
Information technology minister for the Indian state of Karnataka, Priyank Kharge told Bloomberg in an interview that Apple will start assembling iPhones by the end of April. Apple is strengthening its focus on the world’s fastest growing smartphone market at a time when other major markets such as China has seen a slow growth in iPhone sales.
The company will work with its Taiwan partner Wistron Corp. to assemble the handsets in the Bangalore factory in Karnataka. Kharge informed Bloomberg that Apple executives met with him back in January to confirm the timeline.
“Apple’s iPhones will be made in Bangalore and all devices will be targeted at the domestic market,” Kharge said in the interview.
He also said that the state will help Apple if the company decides to turn to other contract manufacturers in the region. “We did not discuss any other incentives,”.
Apple has given India a list if demands in negotiation with the federal government, including tax incentives to import equipment and components. In addition, Apple also called for a permanent relaxation of laws that required foreign retailers to source 30 percent of their materials locally.
The company currently has 2 percent of India’s mobile phone market, we’ll see if Apple will be able to capture more of the market as it beginnings the process of making iPhones in India.
Source info: Bloomberg