Apple likely to start making iPhones in India over next 2 months: Report
According to a report in the Wall Street Journal, Apple could be making iPhones in India within the next two months.
The WSJ quoting Indian government officials said the move, a first for the company, will bolster the company’s chances of gaining a foothold in the fast-growing market.
According to the report, Taiwanese contract manufacturer Wistron Corp will likely start making iPhone 6 and 6S models here in the next four to six weeks at its plant in Bangalore.
To lower prices, Apple has been seeking to set up local production and has been in talks with the Indian government regarding issues such as tax concessions.
WSJ's report comes a day after the government said it has not accepted "most of the demands" of iPhone maker, which wants to set up manufacturing unit in India. To a question in Rajya Sabha on whether the government has accepted most of the demands of the iPhone manufacturer, Commerce and Industry Minister Nirmala Sitharaman said, "No".
Apple India has sought concessions including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service or repair for a period of 15 years, she said in a written reply.
In a communication to the government, the Cupertino-based technology major has asked for incentives from the Department of Revenue and Department of Electronics and Information Technology (DeITy).
Apple also wanted relaxation in the mandated 30 per cent local sourcing of components. It also wanted reduction in customs duties on completely-knocked-down and semi-knocked-down units of devices that are to be assembled in the country.
The WSJ quoting Indian government officials said the move, a first for the company, will bolster the company’s chances of gaining a foothold in the fast-growing market.
According to the report, Taiwanese contract manufacturer Wistron Corp will likely start making iPhone 6 and 6S models here in the next four to six weeks at its plant in Bangalore.
To lower prices, Apple has been seeking to set up local production and has been in talks with the Indian government regarding issues such as tax concessions.
WSJ's report comes a day after the government said it has not accepted "most of the demands" of iPhone maker, which wants to set up manufacturing unit in India. To a question in Rajya Sabha on whether the government has accepted most of the demands of the iPhone manufacturer, Commerce and Industry Minister Nirmala Sitharaman said, "No".
Apple India has sought concessions including duty exemption on manufacturing and repair units, components, capital equipment and consumables for smartphone manufacturing and service or repair for a period of 15 years, she said in a written reply.
In a communication to the government, the Cupertino-based technology major has asked for incentives from the Department of Revenue and Department of Electronics and Information Technology (DeITy).
Apple also wanted relaxation in the mandated 30 per cent local sourcing of components. It also wanted reduction in customs duties on completely-knocked-down and semi-knocked-down units of devices that are to be assembled in the country.
