Electronics manufacturer Foxconn is now aiming to India after Nokia closed plant in Chennai. Foxxconn Technologies are in talks with government officials to open factories to manufacture the Apple iPhone in India. This move would help potentially lower prices for iPhones sold in India. This initiative would be propelled by prime minister Modi’s ‘Make in India’ campaign.
According to a report Chief Minister Devendra Fadnavis, who was a part of PM Narendra Modi’s recent delegation in China had visited Foxconn’s manufacturing facility in the Henan province. Fadnavis said that “The State Government was in talks with the company to set up a manufacturing plant in Maharashtra.”
Subhash Desai who is a Maharashtra industries minister saying “Foxconn is sending a delegation of their officers to scout for locations in a month’s time.”
Foxconn said it is aiming 10-12 manufacturing units in different parts of India and this includes factories and data centres. The company plans to complete the whole process by the end of 2020.
Sky Li a vice president of phone manufacturer OPPO says “The smartphone boom in India indicates the time is just right to focus on expansion plans and increasing volume in India to a comparable level with the China market in the next five years,”
According to networking solutions company Cisco Systems, India has the second-highest number of mobile phone accounts behind China and there will be 650 million smartphones in the country by 2019. The number of tablets will rise 9% to 18.7 million by then.
Foxconn is a Taiwanese tech giant known for making electronic products for different companies on a contract basis. Foxconn has many popular smartphone brands such as Xiaomi, Acer and Sony, but Apple being the biggest is a top priority for the company.
Apple has now 10% market share in India while Samsung, HTC and other local smartphone manufacturers like Micromax are still dominating in the market.