Speaking at Apple’s Q2 2023 earnings call, CEO Tim Cook made reference to India 20 times reported Bloomberg News. Highlighting that India was at a tipping point, and a major focus for Apple, the chief said that the dynamism and vibrancy in the India market was just ‘unbelievable'. During the...
Apple Launches Store in Mumbai
Apple’s much-awaited own branded retail store in India, will open to the public in April at the Jio World Drive Mall in Mumbai's upmarket Bandra Kurla Complex area. After this launch, Apple plans to open another retail store in Delhi-NCR some time between April and June. The designs on the...
90% of Foxconn's Sri City Plant in India Are Women
At Foxconn Technology Group’s mobile phone plant in Sri City, in the southern state of Andhra Pradesh, of the nearly 15,000 workers 90% are women who assemble phones for various manufacturers, including Xiaomi. Recently, workers began testing and assembling Apple’s iPhone X, which will be sold in India first and eventually...
Foxconn Moves Production of iPhones to India
Terry Gou, chairman of Foxconn Technology Group said that his company will mass produce iPhones in India this year. "In the future we will play a very important role in India’s smartphone industry," he said at an event in Taiwan. "We have moved our production lines there." India is now...
Foxconn to Start Trial Production of Latest iPhones in India
Taiwan-based Foxconn Technology Group will start trial production of iPhone X range devices in its factory on the outskirts of India's southern city of Chennai. Production of its phones in India will allow Apple to avoid import duties of 20 percent and also meet the 30 percent local sourcing rule...
Foreign Investment into India at All-Time High
According to India's Department of Industrial Policy and Promotion, cumulative foreign direct investment (FDI) into India reached $498.9 billion in the 17 years from April 2000 to June 2017. During the last two financial years, FDI flows into India totaled $114.4 billion says a new KPMG report; this is an incredible forty...