The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
The Taiwan Times The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
FOLLOW US
59K
2K
21K
  • Asia
  • Business
  • India
  • News

iPhone Prices Likely To Be Cut 20% In One Of World’s Biggest Markets

  • 1.9K views
  • 3 minute read
Total
0
Shares
Share 2
Tweet 0
Pin it 0
Up next
Aung San Suu Kyi To Form New Myanmar Government – Questions Remain
    Published on 13 November 2020
    Author
    Amy Wu
    Tags
    • Apple,
    • Bengaluru,
    • Blue Star,
    • Chennai,
    • China,
    • India,
    • iPhone,
    • iPhone 12,
    • iPhone XR,
    • iPhone12 Pro,
    • Kolar,
    • mobile phone,
    • smartphone,
    • Taiwan,
    • tech,
    • technology,
    • Wistron
    Share article
    The post has been shared by 2 people.
    Facebook 2
    Twitter 0
    Pinterest 0
    Mail 0

    Bengaluru: Apple Inc’s India drive is likely to get a push as the company’s supplier partner Wistron Infocomm is expanding its India manufacturing facility.

    It is being seen as a move likely to help Apple India reduce prices by at least 20% as locaisation will reduce overall production costs.

    Wistron Infocomm has started carrying out a significant expansion of its existing facility in Kolar near Bangalore as Apple Inc. continues to source more ‘assembled-in-India’ iPhones.

    The information was revealed in a regulatory filing by air conditioning equipment provider Blue Star.

    According to the Blue Star statement, Wistron is a Taiwan based contract manufacturer of electronic goods and is one of the major manufacturers of iPhones for Apple.

    Kolar facility

    “Wistron has been producing Apple devices at its existing factory at Kolar, Bengaluru, and has now embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building,” states Blue Star.

    The order is for an air conditioning and ventilation system of 4000 ton capacity, electrical works, a fire-fighting system, plumbing, a compressed air system and a building management system.

    Wiston’s decision to ramp up its production facility in Kolar comes in the wake of a major push by the Indian government to cut down India’s electronics imports bill, which runs into hundreds of billions of dollars and accounts for more than half of the total non-oil imports made by India every year.

    Taiwan headquartered Wistron is one of the three Apple suppliers who reportedly plan to invest close to a billion dollars under the Government of India’s new Production Linked Incentive scheme for manufacturers.

    According to a report, Wistron plans to invest around Rs 1,300 crore to expand its capacity from around 200,000 per year to 400,000 per year, creating an extra 10,000 jobs in the country.

    Under the PLI scheme, companies get back as incentives from the government between 4-6% of the value of the incremental production they achieve under the scheme.

    Production linked incentive

    As per the government scheme, if a company used to make phones worth Rs 10,000 crore a year and increases its production to phones worth Rs 15,000 crore, the company can avail at least Rs 200-300 crore per year as an incentive from the government.

    For foreign players like Wistron, the scheme is available only to those phones priced above $200 per piece.

    The scheme is designed to reduce India’s dependence of imported electronics, particularly from China.

    Besides, manufacturers will also save another 10% or so in costs by way of lower import tariffs, as finished phones are charged a higher import duty compared to components.

    All this, however, is only likely to lower India’s electronics import bill by around 30% or so, because the country does not have factories that make smartphone chips or processors, memory chips or displays.

    Most of the manufacturing that will be done in India will be focused on low-value products like chargers, plastic components, bodies, and in some cases, the printed circuit board.

    The expansion of local production is likely to mean a reduction of around 20% in the price of iPhones in India.

    This article first appeared in the NFA Post and is republished with permission

    1 comment
    1. Pingback: iPhone Prices Likely To Be Cut 20% In One Of World's Biggest Markets - iPhone News

    Comments are closed.

    You May Also Like

    Taiwan to Impose Health Declaration Forms on All Visitors

    Those failing to accurately do so face a fine of up to NT$150,000
    • Mark Buckton
    • February 12, 2020
    • 31.1K views

    Chinese Troops Struggle With Low Quality Winter Clothing On Indian Border

    The People’s Liberation Army (PLA)’s adventurism has started costing it heavily. Actions
    • Guest Article
    • November 20, 2020
    • 26.5K views

    China says protests in Hong Kong took place due to billionaire Li Ka-shing

    China has been playing the blame game for a long time regarding
    • Kw Lin
    • October 5, 2019
    • 22.7K views

    Taiwan ranked No. 1 country in the world for ‘work, make friends, and raise a family’

    We have seen that there have been a lot of surveys going
    • Kw Lin
    • October 8, 2019
    • 19.9K views
    YouTube
    View on YouTube
    Follow Us
    Facebook 59K Likes
    Twitter 2K Followers
    Instagram 21K Followers
    Categories
    Recent Posts
      • Asia
      • China
      • Opinion
      • Politics
      Chinese ‘Cancel Culture’ Over Xinjiang Ranks Alongside Western Left Wing Orgs
      • Lisa Conklin
      • 562 views
      • Africa
      • News
      • Puntland
      • World
      Somali Government Ready To Talk To Puntland, Jubaland
      • Lisa Conklin
      • 254 views
      • Asia
      Faber-Castell Significantly Lowers Carbon Footprint
      • PR Newswire
      • 228 views
      • Asia
      • Business
      • Travel
      • World
      Aussies & NZers Looking At Trans-Tasman Travel Bubble In 2021
      • PR Newswire
      • 318 views
    Search
    Advertisement

    Chinese ‘Cancel Culture’ Over Xinjiang Ranks Alongside Western Left Wing Orgs

    It was only a matter of time till the atrocities faced by
    • Lisa Conklin
    • 562 views

    Somali Government Ready To Talk To Puntland, Jubaland

    Mogadishu (PP News Desk) — The President of Somalia Mohamed Abdullahi Mohamed
    • Lisa Conklin
    • 254 views

    Faber-Castell Significantly Lowers Carbon Footprint

    STEIN, Germany, April 16, 2021 /PRNewswire/ -- Thanks…
    • PR Newswire
    • 228 views

    Aussies & NZers Looking At Trans-Tasman Travel Bubble In 2021

    Agoda.com's data sees super surges in searches for stays over Anzac…
    • PR Newswire
    • 318 views
    The Taiwan Times
    59K
    2K
    21K
    • About Us
    • Contact Us
    • Meet The Team
    • Editorial Policy
    • Disclaimer
    • Privacy Policy
    • Support The Taiwan Times
    • Sitemap
    Taiwan's Trusted Journal - We ♥ Taiwan
    Copyright © 2020 The Taiwan Times. All Rights Reserved