Apple has started “manufacturing” the iPhone 11 in India, Commerce and Industry Minister Piyush Goyal tweeted on Friday. This move comes right after the Cupertino giant started the assembly line for the iPhone XR in the country nine months ago.
The local assembly of the iPhone 11 would help the company avoid a 20 percent tax that will be needed to pay for importing the handset from its global manufacturing facilities. Foxconn, Pegatron, and Wistron are the leading suppliers of iPhone models, and it has been reported that everyone would be making huge investments in the Indian market in the coming days.
As tweeted by Commerce and Industry Minister Piyush Goyal tweeted on Friday, India will be the new manufacturing destination of iPhone 11. This new step comes just a little over the period of nine months after the Cupertino giant started iPhone XR assembly line in the country.
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.