Apple’s manufacturing investment so far is only the “tip of the iceberg”, IT Minister Ravi Shankar Prasad said, adding the government wants global giants like Apple and Samsung to have a “robust presence” here.
“India will offer you Human Resource, investor-friendly policies, and incentives for making in India, and for exports,” the minister said after holding a CEOs roundtable with over 50 electronics and phone companies.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse, he said, adding he did not foresee any conflict of interest between the two sides.
“Apple has started manufacturing iPhones in India, making components and are exporting as well...Apple is on board as far as India’s success story is concerned,” Prasad said.
Apple, which works with Taiwanese contract manufacturer Wistron in India, currently makes iPhone 6S and 7 here. Sources said Apple is looking at assembling more models in the country, although there has been no official word from the company on the same.
The minister’s day-long brainstorming session with CEOs comes at a time when India is trying to pitch itself as an international hub for electronics, and grab opportunities that have cropped-up in the backdrop of rising trade tensions between the US and China, a global manufacturing destination.
India is looking to galvanise smartphone and component manufacturing and position itself as a global hub, dishing out incentives to sweeten the deal for international brands.