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Apple’s manufacturing partner Wistron is setting up a plant in the tech capital of Bengaluru to assemble iPhone in India by the end of April.
The news just comes after the speculation the Apple’s plan for the market, which is led by the rival Samsung Electronics Co.
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A California-based company Cupertino is said to put forward a long list of demands, including 15-year tax holiday to import equipment- in negotiations with the central government.
Apple has shipped 2.5 million iPhone’s in the country in 2016 which is considered to be the best year ever in terms of sales and revenue. Local manufacturing will make Apple products cheaper and this would make its products more competitive in the Indian market.
According to the company, it accounts for less than 2 percent of shipments in India, where approximately 750 million smart phones will be sold by 2020.
