The three Taiwan companies have committed to invest roughly $900 million (roughly Rs. 6,510 crores) to make iPhone models in India as part of a $6.7 billion (roughly Rs. 48,470 crores) PLI plan launched by the government last year.
Modi's strategy, coupled with India's huge market, have also helped turned the country into the world's second-biggest mobile maker after China.
New Delhi now wants to replicate the success of smartphone manufacturing with other electronics in a bid to cut imports.
The federal cabinet last week approved a $1.68 billion (roughly Rs. 12,150 crores) plan to promote local manufacturing and export of telecoms and networking gear.