From the very beginning of Apple’s golden path, Foxconn raised the bar in the assembly plant for Apple. And this time, for the very first time, they have invested $10B in terms of India’s assembly plant for Apple. To be very precise this $10 Billion new plant is set to serve the production for iPhones. Well, the company has reportedly set its sights on the land of Maharashtra with the fact of having numbers of positive insights about this city.
According to The Economic Times, FOXCONN IS INTERESTED IN A PLOT OF LAND SPANNING 1200 ACRES. WHICH WILL BE DEDICATED SOLELY TO IPHONE MANUFACTURING.”
With the assumption of an 18 months’ time span, the new plant is set to be finished by Foxconn to start their journey to India. Though they are not new to India, whereas they were solely involved in making the Nokia handsets for India for a long time. So, in the consideration of diversity, they will work fine for Apple this time. And, Tim Cook is highly expecting a perfect launch in India regarding their new iPhone 7. While the iPhone 7 may take place to launch in September 2016 in Cupertino, Apple is looking forward to their upcoming WWDC arrangements. The tickets are already on sale online for the numerous developers around the world.
After China, India has become the second largest market for them as well. With the number of 140 Billion people, this new set of manufacturing field will replenish the thirst of having an Apple product for the Indian Citizen. Few months back, Apple also set their latest retailer shop in Delhi, India. Furthermore, Apple is looking forward to creating a benchmark of about 56% of revenue in Q2 2016 as well.
Looking forward to the new Plant in Maharashtra, Apple is focusing on an R&D development center in Hydrabad as well which will cost them around $25 Billion. But, this is a leap ahead for India to be employing over 4500 workers in the both facilities; though for the initial run they might need only 150 workers.