Moscow, 27 Dec — “News. Economy”

The largest Apple contractor Foxconn Technology Group will start building the flagship models iPhone in India in 2019, reports Reuters, citing sources. Taiwanese contract manufacturer releasing its first-ever iPhone in the Indian market.

According to the Agency, Foxconn to invest $356 million in power to build phones Apple. This will expand the plant in Sriperumbudur (Tamil Nadu) where the contractor already produces phones for the Chinese company Xiaomi. Such expansion may create about 25 million new jobs, the Agency said.

It is assumed that the plant in Sriperumbudur will be the most expensive and current models of Apple.

First about the early Assembly of iPhone in India since the beginning of 2019 reported by the newspaper the Hindu that the issue was discussed on December 25 at the meeting of the Cabinet of Ministers. While the government did not specify what models of smartphones will be assembled on Indian soil.

So far Apple has produced in India only iPhone SE and 6S. The production of SE was launched in may of 2017, then the American company has released the first test batch of handsets produced by the plant are Taiwanese Corporation Wistron Corp. in the southern state of Karnataka.

Sale Apple in India is also focused on cheaper models, according to research firm Counterpoint, more than half of total sales are models older than iPhone 8. Theoretically, Foxconn may launch in India, iPhone model X, introduced last year.

Volume of production was reduced after the start of sales of new iPhone models XS and XR. However, the source admits that the details of the deal between Apple and Foxconn is still unknown and subject to change. In particular, there is evidence that if the Assembly is transferred from the existing factories Foxconn in China and other countries. It is also unclear whether the company to use any locally sourced ingredients.

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