Made In India Apple iPhones, Lower Price

In India, Apple already has Wistron Company producing old models of iPhones in Bengaluru. But in upcoming days with Foxconn, Apple is planning to expand the production of their new model phones in India as local manufacture. Foxconn is Apples largest manufacturing company of iPhone in Taiwan.

Prime Minister Narendra Modi had invited Terry Gou, chairman of Foxconn Technology Group to India and plans for their technologies expansion in our country. This step was taken up by PM Narendra Modi under “Make In India” project. As we know this project is an initiative which focuses on to encourage companies to manufacture their products in India and enthuse with dedicated investments into manufacturing.
image: Economic Times

This expansion of Apples phones production in our country will come up with two sided benefits, these are:

  1. Employment will boost up in our country.
  2. The import duties applied on Apple smartphones will be decreased by 20%.
  3. Due to less import duties cost of Apple iPhones will be reduced, and thus will be affordable to common people easily.
  4. Rise in investments into manufacturing will results in rising of our country’s economy.

At an event in Taiwan, Terry Gou said “In the future we will play a very important role in India’s smartphone industry, we have moved our production lines there”.

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