Apple Inc. will begin manufacturing iPhones in Bangalore, India, by the end of April, as part of the tech giant's plan to target the nation's market, Bloomberg News reported Feb. 3, citing IT Minister Priyank Kharge.
Tha Cupertino, Calif.-based company tapped Taiwan's Wistron Corp. for the assembly of iPhones in Karnataka, the tech capital of Bangalore, the report said.
Apple had reportedly been in talks with the Indian government in January about further expanding its local operations and sought tax concessions as well as policy exceptions for bringing its manufacturing operations to India.
Aruna Sundararajan, secretary of the Ministry of Electronics and Information Technology, earlier saidvarious ministries in India's government will take a "coordinated" view on Apple's request.
The iPhone maker had a number of demands to the government, which includes a 15-year tax holiday on the imports of components and equipment, Reuters said.
Apple CEO Tim Cook in May solicited the Indian government's approval to build retail stores in the South Asian country, the report said. Cook earlier said in the company's earnings announcement that they "fully intend to invest significantly in the country."