Apple To Manufacture iPhone In Indian City Bengaluru From April
Apple’s iPhone manufacturing unit is coming to India soon. An agreement has been reached by the iDevice giant and Karnataka government.
The plant is proposed to be set up in Peenya Industrial Area of the city.
The IT department of Karnataka said, “Apple’s decision on initial manufacturing in Bengaluru has further enhanced the reputation of Bengaluru as the most preferred destination for foreign investment.”
It is learned by April 2017 the production may be kicked off and the set up will be put together by the company’s contract phone maker, Taiwan’s Wistron Corp.
Karnataka’s information technology minister Priyank Kharge said the phones manufactured in India will cater to the domestic market only.
It is believed Wistron Corp. has identified a facility in Peenya for the iPhone manufacturing.
Peenya is an industrial suburb of Bengaluru.
Meanwhile, it is learned Apple is in talks with the Indian government for tax concessions too apart from exemption from local procurement norms and a conducive ecosystem.
In last financial year Apple India made a profit of Rs 294 core on revenue of Rs 9,997 crore.
Currently Apple sells products in the country through exclusive arrangements with chain stores including iStore and Imagine.
iStore is owned by Reliance Digital.
Last May Apple opened its first development centre in the country in Hyderabad city, but was only limited to work on Apple Maps.