Foxconn set to open $10 billion iPhone manufacturing plant in India

[JANASENA]

Your next iPhone could be made in India. According to a report in ET Now, the iPhone contract manufacturer Foxconn is in talks with the Indian government to open a facility to make Apple smartphones in the country.

The $10-billion facility will be located in Maharashtra, India. The company is said to be looking for a 1,200 acre of land for the facility.

The report also claims that while several state governments have been in the fray for the deal, the centre government and Foxconn have zeroed on Maharashtra.

Earlier a Reuters report too had claimed that Foxconn is looking at manufacturingiPads and iPods in India, for both local and international sales. Maharashtra industry minister Subhash Desai too had shared details on Foxconn's interest in the region.

In August 2015, the Taiwanese company had made a commitment to set up factories in the state.

The company had signed a memorandum of understanding with the state government to set up an electronics manufacturing facility.
 

Foxconn is reported to have shortlisted Talegaon-Chakan and Khalapur as likely locations. The company has also taken office space in Mumbai for the production of Xiaomi and Reliance Jio's Lyf smartphones.

The world's largest electronics major is making products for companies such as Sony, Xiaomi, Gionee and Microsoft at its India units.

Meanwhile, the Indian government has recently rejected Apple's request to sell refurbished iPhones in India. The government has sounded out Apple that it is in-principle against allowing import and sale of second-hand phones in India to prevent dumping of hazardous electronic waste.

Top Comment

Make in India!Pdasnrb

 

 

This deals a setback to the smartphone maker's expansion plans in a market where it sees huge potential amid overall slowdown of its sales.

[idibezwada]

Makodhu...mamalni dochukuntadi foxcon