HUGE: Ravi Shankar Prasad receives 'assembled in India' Apple iPhone XR, eyes expansion

Union Minister Ravi Shankar Pras on Monday me a huge anuncement in a news conference. Information Techlogy Minister said that electronics behemoth Apple Inc would expand its operations in India and iPhone maker’s supplier Salcomp would make components at a plant near Chennai. He said that Apple has manufactured its first iPhone in India and India has become a manufacturing hub of Apple.

Salcomp will invest 20 billion rupees ($278.67 million) over next five years to make chargers and or components at plant and move will also create 10,000 jobs, Pras said. Apple’s phones me in India will also be exported, he said, ding that exports of mobile phones and components from country would be worth $1.6 billion each this year.

Salcomp, one of Apple’s major component suppliers, has bought kia’s defunct handset factory near Chennai for close to $30 million (Rs 215 crore). Apple is grually shifting away from China amid Si-US tre war. American company sources chargers from Salcomp, which is largest player globally and which has me India a huge base over past few years.