Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Apple to start making iPhones in India, says state government www.bbc.com
Apple is to start making iPhones in the southern Indian state of Karnataka, the state's government has said.
Ministers said Apple would start an initial manufacturing operation in the state, whose capital is the tech hub Bangalore, in April.
The tech giant has a 2% share of India's mobile phone market, well behind South Korean rival Samsung.
Apple has yet to officially confirm the plan, saying only that it is keen to "invest significantly" in India.
But Priyank Kharge, minister of information technology and biotechnology in Karnataka, told the AFP news agency: "We have an understanding with Apple and we expect them to start manufacturing in Karnataka by the end of April."
Reports said the plant is being set up by Taiwanese manufacturing company Wistron Corp.
Despite the low percentage of sales, Apple has almost half of the market for premium phones, which start at around $450 an item, and its sales are growing fast.
Apple has held a series of meetings with government representatives at both state and national level and is understood to be pressing for concessions before going ahead with such a move.
Apple's biggest manufacturing partner is Taiwanese giant Foxconn, which runs the biggest iPhone factory in the world in China.
Apple is currently unable to set up its own branded stores in India, which has a raft of rules to curb the activities of foreign companies.
Rising sales
For it to be able to sell direct to customers in India, Apple would have to source 30% of the components of its products locally.
Earlier this week, Apple reported its first rise in sales in nine months after strong Christmas sales of the iPhone 7.
The firm had suffered three quarters in a row of falling revenues as mounting competition, particularly from Chinese rivals, hit sales of the iPhone.
Published Date:2017-02-06
