<|begin_of_text|><|begin_of_text|><|begin_of_text|>MUMBAI (Reuters) - Foxconn Technology is in talks to manufacture Apple’s iPhone in India, government officials said, in a move that could lower prices in the world’s No.3 smartphone market where the U.S. firm<wm> sells 70-80% of the phones.
Representative images showing a factory facility built on outskirts of Pune. [File photo.]
The Indian government had earlier expressed concerns about Foxconn being a U.S. company that might make it difficult for domestic producers to develop expertise to produce the iPhone.
Foreign investors are offering incentives in India to develop in-house production. [File photo]
In 2015, Foxconn had expressed concerns that Indians were hesitant to work as workers on low wages that might</wm> make it difficult to produce a profit margin of at least 20%, a condition that Foxconn and