Apple iphone 15
Meanwhile, the Tata Group is also exploring purchasing a facility from an Apple Inc. supplier. This would be the first time a domestic company will enter iPhone assembly operations.
Apple’s Indian division recently met in-depth with Ministry of Finance personnel to discuss their ambitions for creating an iPhone manufacturing facility in India.
According to government sources, the conversations focused on the future of smartphone production in India and how India’s policies may be aligned to promote this endeavour.
According to a Finance Ministry official, the Apple team was optimistic about India’s potential for value addition. “A perspective shared during the meeting was that India, along with Vietnam and Cambodia, could emerge as the next prominent destinations for smartphone production,” the official noted.
Meanwhile, the Tata Group is also exploring purchasing a facility from an Apple Inc. supplier. This would be the first time a domestic company will enter iPhone assembly operations.
While an official statement is expected shortly, officials claimed that Apple India leaders discussed and emphasized the idea of expanding their production base beyond China in order to enter new markets.
According to a Ministry of Electronics and Information Technology official, big technology corporations have shown significant interest in the Indian market over the last year. He said that if necessary, the ministry will work with the finance department to investigate potential tax breaks for such ventures.
