Mumbai/Delhi: Apple Inc. will begin assembling its top-end iPhones in India through the local unit of Foxconn Technology Co. Ltd as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to three people familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as the iPhone XS, iPhone XS Max and iPhone XR, the person said, potentially taking Apple’s business in India to a new level.
The work will take place at Foxconn’s plant in Sriperumbudur, Tamil Nadu, the person added. Foxconn, which already makes phones for Xiaomi Corp. in India, will invest ₹2,500 / $ 325 million crore to expand the plant, including investment in iPhone production, Tamil Nadu’s industries minister M.C. Sampath told Reuters. The investment may create as many as 25,000 jobs, he added.
A second person declined to be named as this person is not authorised to speak to the media. A third person confirmed Foxconn planned to assemble iPhones in India.
News source - https://www.livemint.com/Companies/valMPFojyzuyUzQ4tIAupI/Foxconn-to-assemble-topend-Apple-iPhones-in-India-Report.html
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