Apple is in talks with Indian government to explore making products in India as the US firm targets to make deeper inroads in the world’s second-largest mobile phone market by users.
Prime Minister Narendra Modi is trying to boost technology manufacturing in the nation through his ‘Make in India’ campaign. His government in June exempted foreign retailers for three years from a necessity to locally source 30% of goods sold in their stores.
One of the journals said Apple, in a letter to the federal government in November, highlighted manufacturing plans and asked for financial incentives.
Government representatives were not accessible to comment while an Apple representative in India did not quickly respond to an email from Reuters seeking comment.
Local manufacturing would help Apple open retail stores in the country where its iPhones account for under 2% of Indian smartphones sales.
Taiwan’s Hon Hai Precision Industry Co Ltd (Foxconn), which makes Apple gadgets such as iPhones and iPads, has a manufacturing facility in southern India.
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Sameeksha Bhardwaj, From ITvoir News Desk