foxconn
Apple, the world’s most valuable company, is planning to replicate its Chinese manufacturing model, which has been a success, in India to grab a large piece of the pie in the smartphone section.
The US-based company is also planning to set up manufacturing units in various cities across India. The second manufacturing store is expected to come up in Gurugram, Haryana.
Apple has been planning to expand its operations in India. The Tim Cook-led firm recently announced that it will open its brand-owned stores in the country along with 4,000-odd workers’ unit in Hyderabad. According to reports, Apple’s sales have been on the rise and crossed 50 percent in 12 months ending in September 2016.
The news comes almost a year after reports claimed that Foxconn might come to India, facilitating production of Apple products like iPhone in the country. It was earlier reported that the Taiwanese electronic manufacturing company will set up a plant for Apple products on a 1,200-acre land in Maharashtra.
In Seperate news, it was earlier reported that Apple has reportedly selected Bengaluru as its hub for manufacturing iPhones for the Indian market. Wistron, Apple’s Original Equipment Manufacturer has started building an assembling plant at Peenya (located west of Bengaluru).
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