As per a latest report, Apple’s Taiwanese manufacturing partner Wistron is setting up a plant in Bangalore to manufacture and assemble iPhones.
One year ago, Apple sought government permission to import and sell its legitimate pre-owned iPhones in India. And now the Apple’s Taiwanese manufacturing partner Wistron is setting up a plant at Peenya in Bangalore for manufacturing and assembling iPhones. Though Apple refused to say anything on the news, but the industry sources gave us hints that the production at these plants in Bangalore will start by April 2017 onwards.
Earlier this year, the Apple CEO Tim Cook had a meeting with our PM Naredra Modi, then the PM emphasised on the need to start local manufacturing. Having said that India is a crucial growth market for the company, the necessity to source raw material locally has become an obstacle for the same. It is well known that India doesn’t has a robust component supply chain unlike China.
Apparently, the local manufacturing will make the prices of Apple product cheaper since imported goods have a 12.5 percent duty leaved on it. And thence, its products will face more competition in the Indian market where it already enjoys a good market share.
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