Piyush Goyal: iPhone 11 Now Being Made in India

This move would be a beneficial one for the Apple company as they would save 20 percent tax that will be needed to pay for importing the handset from other countries’ manufacturing units. Foxconn, Wistron, and Pegatron - who are the suppliers of iPhone models - are also making an inward move towards India with a huge amount of investments.

Goyal also said in the tweet, “This will give a significant boost to the Government's Make in India mission.”

As a top-of-the-line model for the first time in the country, Apple would be selling iPhone 11 at INR 63,900 in India.

While, even a common man will know, India has become the most important smartphone market in the world today with about 50 crore smartphone users.
Companies such as Xiaomi, Samsung are already prevalent across the country and both have invested plenty in its resources to lead the growing market of the Sub-continent. Hence, the Apple is eying towards the growing consumer demand from the country, currently.

Foxconn is one of the leading suppliers for iPhone and also for the other Apple devices. Hence, it has been reported that they will be investing about Rs. 7,491 crore to expand its India factory where it has been assembling iPhone models. Also, Pegatron, who is the second-largest iPhone assembler is also expected to make some amount of investment to cover the market of India by setting up a local subsidiary in the near future.