The local assembly of the iPhone 11 would help the company avoid a 20 percent tax that it is needed to pay for importing the handset from its global manufacturing facilities. Apple has Foxconn, Wistron, and Pegatron as the suppliers for its iPhone models that all are presently making huge investments in the Indian market.
“Significant boost to Make in India!” Goyal said in the tweet. “Apple has started manufacturing iPhone 11 in India, bringing a top-of-the-line model for the first time in the country.”
India has become an important market for all smartphone vendors, thanks to the fact that it already has over 50 crore smartphone users. Companies including Samsung and Xiaomi have already invested plenty of resources in the country to meet the growing demands of Indian consumers. The expansion of consumer demand has lately attracted Apple and its suppliers as well.