iPhones manufactured in India are now being exported to countries in Europe for sale, reports The Economic Times.
The article says the move boosts the government’s “Made in India” plan and is another step in Apple’s efforts of making India an export hub.
iPhone 6s and iPhone 7 are being exported in quantities of under 100,000 units a month,” said Neil Shah, research director at Counterpoint Research, told The Economic Times, citing export data that the firm tracks. “The exports have begun a few months ago to European markets.”
Apple began assembling iPhones in India in 2017. The original goal was to avoid import taxes and allow the company to be more price-competitive in the Indian smartphone market,
Getting a foothold in India has been a challenge for Apple. The company has opened its retail stores in a number of countries around the world, but not in India. The country has restrictive real estate investment laws for foreign companies. What’s more, India’s Finance and Commerce Ministries rejected Apple’s request to sell used iPhones in the country.