Tech titan Apple has started production of iPhone XR in India for domestic market and exports, underlying the government's efforts to bolster mobile manufacturing in the country, IT Minister Ravi Shankar Prasad said on Monday.
The minister also said that Salcomp, the world's largest manufacturer and a major supplier of chargers to Apple for iPhone, has reached agreement to take over closed facility of Nokia in a SEZ near Chennai.
Salcomp will revive the unit, which was closed for nearly 10 years, and the facility will become operational from March 2020. The unit will produce charger and other equipment, and will boast of a diversified portfolio. This will entail an investment of Rs 2,000 crore in five years.
"The big SEZ of Nokia which was closed for 10 years will get into life again. As many as 10,000 people will get jobs directly and 50,000 jobs will be generated indirectly," Prasad said.
India's overall mobile as well as components exports are expected to cross USD 1.6 billion each in 2019-20, he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)