He said the new operation would likely assemble iPhones for the domestic market.
Apple has only a 2 per cent share of the Indian market, well behind rival Samsung on 23pc, according to research firm Canalys. However, last year it had 48pc of the premium sector in which phones sell for $450 and above.

“They had a fantastic 2016 in India and shipped more two million devices to India, and now they’re looking to ultimately manufacture here as that gives them more flexibility to respond to market changes.” Apple currently sells its phones in India through third-party retailers.