Apple’s iphone SE to be manufactured in India!!

Apple's iphone SE

Apple is all set to start manufacturing of Apple’s iphone SE in the coming months. It appears to be eyeing India’s ever-growing smart phone market as the mobile phone business in China has slowed down. But the only way to woo Indian customers is to lower the price and that’s exactly what Apple is trying to do by assembling its iPhone in the country.
Moving PM Narendra Modi’s “Make in India” Scheme forward, many global companies have invested and set up manufacturing and assembly facilities in India. However, nothing has captured attention like the news that Apple might manufacture its iPhones in India. Apple CEO Tim Cook met Modi in May 2016. Since then, officials from Apple and its key suppliers have probably met government officials at all levels – in the ministry of finance and commerce for instance.
Apple India Pvt. Ltd, the local arm of Cupertino-based Apple Inc., will soon start assembling iPhones in India at a plant in Bangalore being set up by its Taiwanese manufacturing partner Wistron Corp, a financial daily reported on Friday. Wistron will assemble units of the Apple’s iphone SE starting April this year, a report in The Economic Times said, citing sources.
Apple unveiled the iPhone SE in March last year. The four-inch smartphone was launched with a price tag of Rs 39,000 for the 16GB version. Currently, the phone is retailing under Rs 30,000 at e-commerce portals. Local manufacturing could help Apple further reduce the cost of the devices.
Last month, it was reported that Wistron Corp was seeking permission from the Karnataka government to expand its Bengaluru plant.
In December 2016, Apple had shared a list of demands with the Indian government seeking tax concessions, including lower import and manufacturing duties, and certain policy exemptions as prerequisites for setting up manufacturing operations in the country.
Currently, most of Apple’s products are assembled in China, primarily by Foxconn Technology Group, formally known as Hon Hai Precision Industry Co.