Smartphone manufacturer, Foxconn, plans to manufacture Apple products in India soon. A 1200 acre facility located in Maharashtra has been earmarked by the Taiwanese major, most probably, either Talegaon-Chakan or Khalapur. The announcement has come in the backdrop of a recent Devendra Fadnavis-backed initiative to increase investments in the state of Maharashtra. There had been reports of a MoUs signed between Foxconn and the Government of Maharashtra for the setting up of electronics manufacturing facility, but further details has not been made available.
A Reuters report has also revealed that the company plans to manufacture iPads and iPods both for the domestic and international market. Foxconn also manufactures handsets for other smartphone majors such as Gionee, Xiaomi, Sony and Microsoft.
There are no details as to when the manufacturing facility will become operational or when the first iPhone or iPad will be rolled out from the new facility. Manufacture in India will definitely make iPhones and iPads cheaper and will be a big boost to the Government’s ‘Make in India’ campaign. Meantime, in what may be considered as heartening news for the Cupertina-based major, a Government panel has sought to exempt Apple from the 30% sourcing requirement citing use of ‘cutting edge technology. The report drafted by Department of Industrial Policy and Promotion secretary, Ramesh Abhishek has been forwarded to the Finance Minister for final approval.