After Foxconn’s failure attempt to establish a manufacturing plant for iPhone in Maharashtra, Taiwan-based OEM maker Wistron has confirmed for the same but in Bangalore. The company has chosen Peenya, the city’s industrial hub to establish their manufacturing camp.
The news was really in buzz as two weeks prior to this, the Wall street Journal has reported Apple’s keen interest in making iPhone ‘Made in India’ for which they had been in talks with the State Government of Karnataka. According to a state govt official, Wistorn Corporation has also requested for quick processing of its application.
Earlier in May, Apple has shown its interest in guiding Indian developers to build an application for Apple TV and Apple watch. To carry out the same, it has also promised to create an iOS developer community. Now, this is the 2nd biggest announcement from Apple to the Indian market.
Apple’s business in India saw 50% upward scale last year than previous with a sale of 2.5 millions of iPhones, according to a data from Hong-Kong based Counter-point technology Market research. The sales figure touched a rocket high Rs 9997 crore in 2016 which is just 1.5 times of what company had achieved in 2015. This is another reason for Apple on setting up a manufacturing plant.
Also through “Make in India” campaign, The Indian government is providing lucrative incentives to outside manufacturers to open their manufacturing site in India to eradicate job insecurity and to a stronger Indian economy. On same point, Apple has sought detailed clarification from the government. The company wants to know how exactly the incentives are going to make its decision budget friendly.
However, on the global point of view, last year was not so good for Apple as for the first time in 15 years, the company saw a decline in sales target and its faulty iPhones were imported from all parts of the world after halted by the commerce ministry.Tags: Apple, Apple Inc, Make in India, PM Modi, Tim Cook