Make in India: iPhone maker Foxconn intalks to build first Apple plant in India
MUMBAI: Foxconn Technology is in talks to manufacture Apple’siPhone in India, government officials said, in a move that could lower pricesin the world’s No.3 smartphone market where the US firm trails SamsungElectronics and local players.
India could help Foxconn mitigate accelerating wage inflation in China, whereit makes the majority of iPhones, and base production sites closer to marketswhere its key clients want to grow.
Lower production costs could also help Foxconn keep hold of Apple orders amidintensifying competition with nimble manufacturing rivals such as QuantaComputer Inc.
“Foxconn is sending a delegation of their officers to scout for locations ina month’s time,” S