Apple to start making iPhones in India

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Source: bbc.co.uk 3rd February 2017

Apple is to start making iPhones in the southern Indian state of Karnataka, the state’s government has said.

Apple has held a series of meetings with government representatives at both state and national level and is understood to be pressing for concessions before going ahead with such a move.

Apple is currently unable to set up its own branded stores in India, which has a raft of rules to curb the activities of foreign companies.

For it to be able to sell direct to customers in India, Apple would have to source 30% of the components of its products locally.

Indian media has been speculating about Apple for a while. The iPhone is much coveted as a status symbol in the country, but it’s very expensive for most people.

Source article here

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One thought on “Apple to start making iPhones in India

    Adrian said:
    February 6, 2017 at 8:03 am

    In other words, Apple is afraid it won’t be able to use its tax structures and charge management fees and other such debatably arm’s length practices, as described in the EU report. It’s strange how, although they stand to make such a significant amount of money from such a gigantic market, they still feel like they need to do everything they can to minimize the tax burden.

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