In its report, Reuters is citing government officials who claim that Chinese company Foxconn Technology is in talks to manufacture Apple’s iPhone in India. By opening an iPhone assembly plant in India, this would allow Apple and Foxconn to benefit from lower production costs in India as wages continue to increase in China. According to the Industries Minister of India’s western state Maharashtra, it seems that Foxconn is already scouting for potential locations in the country. Foxconn said it plans to develop 10-12 facilities in India by 2020, which includes factories and data centers, but anything can happen in the next five years, so we need to take this report with a grain of salt.
