In a major boost to the Make in India campaign by the Narendra Modi-led NDA government, Apple has started manufacturing the iPhone 11 in India. iPhone 11 is Apple’s most advanced handset in its smartphone product line.
Law & Justice, Communications, Electronics & Information Technology Minister of India, Ravi Shankar Prasad, through his tweet, credited PM Narendra Modi for this achievement. He wrote, “This chronology is a statement in itself as to how @narendramodi govt. has developed the mobile phone manufacturing ecosystem in India. It’s only a humble beginning.”
By manufacturing iPhone 11 in India, Apple would be able to save almost 20% tax that it would have paid otherwise for importing the handsets from its global manufacturing facilities. Currently, Apple has Foxconn, Wistron, and Pegatron as the suppliers for its iPhone models. Eventually, all three companies are making huge investments in the Indian market.
Earlier this month, Foxconn, which is a leading supplier for iPhone and other Apple devices, announced an investment of up to $1 billion (roughly Rs. 7,491 crores) in India to expand its assembly line for iPhone models. Then, Pegatron, the second-largest iPhone assembler, also announced its investment plans in India to set up a local subsidiary in the coming future.
Eventually, India has over 50 crore smartphone users. This has led to many smartphone manufacturers to shift their manufacturing units to India to cater to this huge market.