Foxconn is in talks to build its first iPhone assembly plant in India, government officials tell Reuters.India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority of iPhones, and base production sites closer to markets where its key clients want to grow. Lower production costs could also help Foxconn keep hold of Apple orders amid intensifying competition with nimble manufacturing rivals such as Quanta Computer Inc.”Foxconn is sending a delegation of their officers to scout for locations in a month’s time,” says Subhash Desai, the Industries Minister of India’s western state Maharashtra.Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

Source: iClarified Read More: Foxconn Looks to Build iPhone Assembly Plant in India