Prime Minister Narendra Modi’s dream vision ‘Make In India’ for transforming India into a global design and manufacturing hub seems to be getting consummate after Apple Inc. announced to set its manufacturing unit in Bengaluru. A big reason to celebrate for Apple fans as the US tech giant announces its manufacturing unit in Bengaluru. It seems that the Official meeting of Prime Minister Narendra Modi and Apple CEO Tim Cook in May 2016, brought a fruitful result.
The Karnataka government, on Thursday, issued a release welcoming Apple’s proposal “to commence initial manufacturing operations” in the state. It wasn’t finalised till December about the assembling location in Bengaluru, as neither Apple nor the government confirmed any statements.
The release, said Apple’s intentions to manufacture in Bengaluru “will foster cutting edge technology ecosystem and supply chain development in the state, which are critical for India to compete globally” signed by state IT minister Priyank Kharge. While the statement didn’t revealed any timeline, but the production and manufacture assembly is expected to commence from as early as June.
Taiwanese company Wistron, an original equipment manufacturer (OEM) of Apple, will make the iPhones out of its facility in the city’s industrial hub of Peenya.
With this announcement, the extravagant pricing of Apple phones are expected to slice off as it won’t be imposed with import duty taxes, which is another reason for colossal contentment for Apple lovers. Also the new device which releases, come to India after a month or two after its release. It factor will also be kicked off after this move of Apple.