According to an exclusive report by Reuters, Apple’s leading contract manufacturer of iPhones Foxconn will begin assembling flagship iPhone models, including the iPhone X family, through its local unit in India as early as next year.
Citing sources familiar with the matter, the publication notes that the work will take place at the Taiwanese company’s plant in Sriperumbudur town in the southern state of Tamil Nadu, India, a move that could take Apple’s business in the country to a whole new level.
Tamil Nadu’s Industries Minister M C Sampath told Reuters that Foxconn will invest $356 million to expand the plant, including investment in iPhone production, creating as many as 25,000 jobs.
Another source also said Foxconn planned to assemble iPhones in India, in a move that could help both it and Apple to limit the impact of a trade war between the United States and China.
The Hindu newspaper first reported on Dec. 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.
Researchers believe that assembling more phones locally will help Apple save costly duties and boost Prime Minister Narendra Modi’s flagship drive to make India a manufacturing hub.