‘Make In India’ A Big Success! Apple IPhone Maker Wants India To Account For 25 Per Cent of Total Production
Big success for ‘Make in India’! Apple iPhone maker wants India’s share in total production to be 25 percent Union Commerce Minister Piyush Goyale said in a conference that iPhone maker Apple has about 5-7 percent share in their production in India.
If I’m not mistaken, they are aiming to go up to 25 percent of their production, the Union Commerce Minister had noted. Apple has launched the latest models from India Made in India.
Union Commerce Minister Piyush Goyal said on Monday that US tech giant Apple wants India to have a 25 percent share in its production, which is currently around 5 percent to 7 percent. “The iPhone maker continues to move its production away from China,” he said.
Goyal said that India has to be promoted as a competitive manufacturing destination, adding that India offers rule of law and transparent government policies and business model which helps it to be the destination of choice for foreign investors.
The minister told in a conference that about 5-7 percent of their production in India is already iPhone Mac. If I’m not mistaken, they are aiming to go up to 25 percent of their production, the minister noted.
Apple has launched the latest models from India Made in India. Apple’s three contract manufacturers are Foxconn, Pegatron, Wistron and they are located in Tamil Nadu and Karnataka.
In line with the Indian government’s push for local manufacturing, the US tech giant has bet big on the country ever since it started iPhone assembly in the country in 2017 through Wistron and later with Foxconn. Apple has recently started manufacturing its latest iPhone 14 in India as well.
Meanwhile, Foxconn plans to quadruple the workforce at its iPhone factory in India in two years, according to sources cited by Reuters.
In a major boost to the government’s ‘Make-in-India’ campaign, Apple created history by becoming the first company to export smartphones worth $1 billion from India in a month.
California based company Cupertino in December 2022 Rs. 8,100 crore iPhones, taking the overall smartphone industry exports to Rs. 10,000 crores, reported The Economic Times.
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