Apple Inc and Foxconn which is Apple’s largest Contract maker is currently in talk with Maharashtra Government to discuss the terms and conditions. If this happens they will invest around $5 Billion to set up everything.
Their primary motive is to check whether the cost is less to manufacture here than to import parts from outside. If this happens the tech giant will manufacture iPhone 5S and SE exclusively in India which may reduce the Product cost of the devices.
This is the next big step they are taking with the collaboration of Government!
