Giving a push to its India manufacturing plans, Apple in March started the assembling of iPhone 7 at its other supplier Wistron’s facility in Bengaluru.
Betting high on the Indian market, Terry Gou, founder and chairman of the renowned Chinese smartphone manufacturer Foxconn, on Monday revealed that the company would begin mass production of iPhones in India this year.
Addressing at an industry meeting, Gou said the move will help Foxconn to be more deeply involved in the development of the country’s smartphone industry. He further commented that in the future, Foxconn aims to play an important role in India’s smartphone industry.
Gou further revealed his plans to retire, therefore indicating the handing over of the baton to young management that would run the world’s largest electronics contract manufacturer.
To speed up the India business, Foxconn is already expanding its manufacturing operations here, especially at its Sriperumbudur (Chennai) facility.
Giving a push to its India manufacturing plans, Apple in March started the assembling of iPhone 7 at its other supplier Wistron’s facility in Bengaluru. On the other hand, Wistron has also announced plans to invest Rs 3,000 crore in the Narasupra industrial sector in Karnataka’s Kolar district. The new Wistron facility may also manufacture a wider range of Apple devices.
A robust growth strategy
Apple is slowly but steadily strategising its plans to make deeper inroads in a country where over 450 million people use smartphones, and assembling iPhone 7 is another step towards gaining ground.
Apple has begun reducing the price of iPhones in China and may go the same way in India where the iPhone is considered expensive. It is also seeking tax relief and other incentives to begin assembling more handsets and open its branded stores in India.