Taiwanese manufacturing giant Foxconn is set to open its first Apple manufacturing store in India, which is likely to be announced on the upcoming Vibrant Gujarat Global Summit 2017 scheduled to take place in Gandhinagar between Jan. 10 and 13, according to Money Control.

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Apple is planning to replicate the success of its Chinese manufacturing in India to grab a large piece of the pie in the country's smartphone sector. The tech giant also plans to establish manufacturing units in different cities across India, and the second manufacturing store is expected to come up in Gurugram, Haryana.

However, Foxconn refused to comment on the news, because of strict company policy.

Apple has been planning to expand its business in India after recently announcing that it will open its brand-owned stores in the country along with 4,000-odd workers' unit in Hyderabad for its mapping department.

India has emerged as one of the fastest growing markets for Apple's iPhone with  sales growth crossing 50 percent in the 12 months ending September 2016. In terms of revenue,  Apple is the second largest smartphone in the country as well. 

The news comes almost a year after reports claimed that Foxconn might come to India to produce Apple products like iPhone in the country. It was earlier reported that the Foxconn will set up a plant for Apple products on a 1,200-acre land in Maharashtra.

So by next year, iPhones could have a "Made in India" label, marking one of the most landmark moments in the country's manufacturing history.

TagsFoxconn, apple, iPhone, Apple Manufacturing in India, Made in India