Apple’s talks with India seems to have headed into a good direction. There are reports that the nation will be producing iPhones in its country starting the end of April 2017. According to Priyank Kharge, information technology minister for the Indian state of Karanataka, the devices will be made in Bangalore and will be targeted at India’s domestic market. In an interview with Bloomberg, Kharge said they didn’t discuss any other incentives for Apple during his meeting back in January with Apple executives. It was reported that this meeting was meant to cement the timeline for production to start.
Apple’s move into India, which is considered the fastest-growing major smartphone market in the world, comes at a time when iPhone sales have been slowing down in key markets such as China. The tech giant has reportedly given a “wish list” to India for working in its country. These supposedly included permanent relaxation of laws requiring foreign retailers to source 30 percent of their materials locally as well as so tax incentives. Apple hasn’t confirmed this production plan yet. But we should probably here something soon enough.
Source: Fortune