Apple to make iPhones in India, invest Rs 2,500 crore
Mumbai : Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will make the product in the country, according to a source familiar with the matter.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
Foxconn, which already makes phones for Xiaomi Corp, will invest Rs 2,500 crore to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister MC Sampath said.
The investment may create as many as 25,000 jobs, he added. The other source declined to be named as this person is not authorised to speak to the media. A third source confirmed the development.