Apple is expanding its manufacturing operations in India, with Tata Group set to become the first Indian firm to assemble iPhones for the local and global markets. The deal follows a year of negotiations between the two companies and is seen as a major boost to India’s efforts to become a global electronics manufacturing hub. (via. TechCrunch)
Tata Group is India’s largest conglomerate, with interests in a wide range of businesses, including salt, steel, and tech consultancy services. The firm has also forged joint ventures with many global firms, including Starbucks.
iPhone production in India has been underway since August by Foxconn, a Chinese company. The big difference now is that Tata Group, a fully Indian company, will also begin assembling iPhone units soon after Foxconn. Apple’s decision to manufacture iPhones in India is a significant development for the country. It will create new jobs and boost the local economy. It will also help Apple to reduce its reliance on China for manufacturing.
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The deal comes at a time when India is actively promoting its manufacturing sector. The government is offering financial incentives worth billions of dollars to attract global companies to establish manufacturing operations in the country.
Apple has been increasing its focus on India in recent years. The firm opened its first two retail outlets in Mumbai and New Delhi earlier this year and is working with HDFC Bank to launch Apple Card and Apple Pay service.
India is the world’s second-largest smartphone market and now one of the top five iPhone markets, and Apple is keen to tap into this growing market. The Cupertino company is also looking to diversify its manufacturing base beyond China.
