New Delhi: Apple is making a deal with the Indian government to make its products locally in India, as per the report published in the Wall Street Journal on Tuesday, the US firm aims to make deeper inroads in the world's second-largest mobile-phone market by users.
As Modi government is trying to boost technology manufacturing in the country through his 'Make in India' initiative. The Central government in June exempted foreign retailers for three years from a requirement to locally source 30 percent of goods sold in their stores.
The Journal said Apple, in a letter to the federal government in November, outlined manufacturing plans and asked for financial incentives.Government officials were not available to comment while an Apple spokesman in India also hasn't cleared about the apple plans with the government.
Local manufacturing would certainly help Apple open retail stores across the country where its iPhones account for less than 2 percent of Indian smartphones sales.
Currently, Apple devices such as iPhones, iPads, and other accessory have a manufacturing facility in southern India under Taiwan's Hon Hai Precision Industry Co Ltd (Foxconn)
( News24 Bureau)