Apple will commence assembly of its high-end iPhones in India by Foxconn's local unit as early as 2019. This is the first time that the Taiwanese contract manufacturer has manufactured the product in the country, according to a source familiar with the matter.
It is important for Foxconn to assemble the most expensive models, such as the iPhone X flagship family of devices, according to the source that may take Apple's business to a new level in India.
The work will take place at Foxconn's Sriperumbudur plant in the southern state of Tamil Nadu, this source added.
Foxconn, which already manufactures phones for Xiaomi Corp, will invest 25 billion Indian Rupees ($ 356 million) to expand the plant, including investing in iPhone production, said US Secretary of Industry Mc Sampath. to Reuters.
The investment can create up to 25,000 jobs, he added.
The other source did not want to be named because this person is not authorized to speak to the media. A third source confirmed that Foxconn had planned to assemble iPhones in India.
The Hindu newspaper reported on December 24 that the Foxconn plant would begin producing various models of the iPhone. Reuters first reports the amount of investment and the type of phones to be mounted.