Apple Inc. has plans to manufacture their popular iPhones in India , for the Indian Market. A Taiwanese OEM Maker for Apple named Wistron is now setting up a facility in Peenya which is Bengaluru’s Industrial Hub to start manufacturing iPhones. This facility will start the production from April , 2017.
The top sources in the company Apple Inc. has confirmed that it (company) is ‘very serious’ to begin the assembly operations and even the full manufacture in India by the end of the next year. They said, “Bengaluru is being looked at seriously.”
Hence the local manufacture of Apple’s iPhone will help the company price the smart phone competitively as the full imports will add up to 12.5 % additional duty. Earlier , Foxconn was committed to set up a manufacture plant in Maharashtra.
And it was assumed that Apple Inc. will manufacture only its own products , but the Foxconn has confirmed that it has tied up with other big players like Xiaomi and One Plus for the local manufacture . So this will become the Apple’s 2nd big announcement for Bengaluru.
Bengaluru manufacturing facility is going to underscore India’s significance for the Cupertino based company. As the Apple CEO Tim Cook’s multi – city India Tour earlier this year has signaled the ever growing importance of India as a hub of potential customer base. As the data from Hong Kong based Counterpoint Technology Market Research showed that the Apple sold about 2.5 Million iPhones in India from October 2015 to September 2016.
If revenues are seen then Apple India clocked a robust sales by touching a figure of Rs 9,997 Crore in this year 2016 , hence the sales has gone up by 56 % which was Rs 6,472 Crore the last year. With this Apple India’s net profit grew to 21 % .
And Apple Inc has also published job openings on its portal for a few positions at its OEM Factory which is going to set up in Bengaluru , for the posts like Operations Program Manager & Product Quality Manager. Faisal Kawoosa , the Principal Analyst (Telecom) at the CyberMedia Research said that , “Apple Inc. coming to India is in itself a big booster for the ‘Make In India’ initiative!”