Ever since Apple started production in India, China, which had a near monopoly over iPhone production, has been upset. But what Apple is planning next is going to irk our neighbors even more. The company has decided that it is going to construct 78,000 houses for its employees. It is a one of a kind initiative by a private entity.
This initiative shows that Apple is ready to make a long time commitment when it comes to doing business in India. Apple is going to implement its housing program which was successful in China and Vietnam in India as well.
The project would be partially funded by the state and central governments. This is going to be the largest private sector initiative in the housing sector. The move indicates that Apple sees India as a long time partner and is willing to invest more in the economy.
Diversifying production location is beneficial for the company as well as it is only going to increase competition. India is likely to emerge as a leading location for iPhone production and it is going to impact both local and international market.
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