Apple to build iPhone in India this year

In a first blow to the hollow promises made by Telangana Minister for IT, Electronics and Communication KT Rama Rao, the IT giant "Apple" preferred Bengaluru as its assembling unit.

Summary: Apple to make iPhones in Bengaluru, but no official confirmation yetBengaluru: Apple plans to make its iPhones in Bengaluru, said Karnataka's Minister of State for IT Priyank Kharge on Thursday.

Apple was not reachable for comment.

Apple leadership has hinted that India is a major growth market for the company, although estimates suggest it only sold 2.5 million iPhones in the entire country in 2016.

But chief executive Tim Cook said this week it would "invest significantly" in the country of 1.25 billion people.

Apple representatives met with federal and state government officials in India last week, as it is lobbying hard for a raft of tax and sourcing concessions from India, before it begins to assemble iPhones in the country. Apple now hold a 2% share of the Indian mobile phone market where predominantly Indian and Chinese made smartphones are current market leaders. The company said in a statement last week that it has been talking to the Indian government about "expanding" its local operations.


However, past year it had 48 percent of the premium sector in which phones sell for $450 and above.

It is not clear whether the Karnataka plans would help it clear that hurdle but experts said manufacturing locally would reduce the company's costs and enable it to lower prices.

Additionally, Kharge also said that the decision to manufacture iPhones will enhance Bengaluru's reputation as the most viable destination for foreign investment and further validation of the state government?s policies aimed at fostering manufacturing innovation and investments in the state.

Cupertino, California-based Apple, is keen to assemble its phones in India, one of the world's fastest growing smartphone markets.

Apple iPhone to start production in India, in the month of April or May 2017:- On Friday, from a source that an assembly plant that Apple's Taiwanese manufacturing partner Wistron Corp is setting up in Bengaluru will focus exclusively on assembling iPhones. Apple's manufacturing product in Bangalore should pave its entry into direct retail in India.

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