Apple seems to be taking full advantage of the “Made in India” campaign started by PM Narendra Modi. Firstly, the company Wistron made plans and is very close to starting its operations in India. Now, Foxconn is to enter, according to a piece in Bloomberg.
According to the report, Foxconn is to run trial productions outside the city of Chennai. Furthermore, the report states that Wistron already produces older models like the 6s in a plant by Banglore. The facts in the report aside, what could this possibly mean. Clearly, this question has two sides to it, the Apple side and the Indian general Public side.
Starting off with the Apple’s side first, the giant has faced quite some issues in the Indian market lately. Primarily, after the introduction of the iPhone X, sales dropped quite a bit. While the phone was quite remarkable, the price could not be justified in the developing country. Secondly, while Foxconn would love to continue its work in China, the growing trade tensions between the US and China aren’t good for business. This is not to say that Foxconn would exit China completely though. They are just expanding to India as a fallout, in case of one that is. A manufacturing plant in India would mean a reduction in costs. This is not to say that Apple will make the next iPhone be cheaper like OnePlus but it could mean that more budget options might follow. This would be really good for Apple considering the giant market that is India.
For the people, this opens up so many opportunities. Defining the countless level of jobs would be an understatement by any standard. Not to mention, the success of PM Modi’s campaign would benefit his party to the full. The people would be happy to have a wider range of smartphones considering the competitive prices which may be offered to this advancement.
All-in-all this is surely a win-win situation. On one hand, Apple will get to enter one of the fastest growing markets in the world at the moment. Not only that, Foxconn’s expansion would result in an overall expansion for the company itself. It would safeguard it from any and all political disruptions. Meanwhile, the general public would be happy to see Apple products which have created a sense of need. This need has ended up defining a class of people, a symbol of wealth if you would.