02 January 2017 Current Affairs: Apple, the American multinational technology company is all set to manufacture iPhones in the Indian city of Bengaluru.
The company is going to manufacture the iconic phones in the country in collaboration with Wistron, a Taiwanese original design manufacturer. The move is a part of the company’s efforts to cash in on India’s fast-growing smartphone market.
Highlights : Wistron is planning to set up an iPhone manufacturing plant, especially for the Indian market in Bangalore’s Peenya Industrial Area. The manufacturer would start work with the assembling of the phones.
Local manufacturing of the iPhones is expected to help Apple price its products at a rate more suitable to the Indian market. Currently, Apple products attract 12.5% additional duty on imports.
The company chose Bengaluru to set up the unit because it has the talent required to create high-quality technology products.
This is not Apple’s first project in the city, as previously in May 2016, the company had announced the setting up of a design and development accelerator in the city in order to help grow the iOS developer community there. The announcement for the same was made during the company’s CEO Tim Cook’s visit to India.
Wistron too has previously manufactured products, especially for the Indian market. The company in partnership with Optiemus Infracom Ltd had built a manufacturing unit in Noida, Delhi NCR to manufacture HTC phones.
Reports suggest that this move has encouraged another one of Apple’s contract manufacturers-Foxconn- to set up a unit in the city.
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