Apple reportedly in talks with Indian Government to manufacture locally

Apple is discussing  its plans to manufacturing its products in India with government officials, according to a latest report from The Wall Street Journal. The report also says that in a letter to the government last month, the company outlined its plans and sought financial incentives to move ahead.

The report also adds that Apple wants to emulate its China model in India and wants financial incentives from the government, which respective departments are looking into.

Earlier this year there was a report that said that Foxconn is close to signing a deal with Indian government to set up a manufacturing plant for iPhones in the country.

Apple is close to getting DIPP approval for opening single brand retail stores in India and recently the DIPP panel has recommended to exempt Apple from 30% sourcing condition for retail stores.

Back in June the Government of India made key changes to the Foreign Direct Investment (FDI) policy by allowing 100% investment for retail trade and eight other sectors that will benefit Apple who has been striving to open it’s own retail stores in the country for a long time.

iPhone sales continue to grow in India. In October, during investor callfor FYQ4 2016 earning report, CEO Tim Cook said that iPhone sales in India are up 50% in fiscal 2016 compared to the prior year.


Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He uses the phones he reviews as his main phone. You can follow him on Twitter and Instagram