Apple Set to Increase iPhone Manufacturing in India

Via The Economic Times

Via The Economic Times

Apple produces iPhone 7 and iPhone XR in India, while iPhone SE and iPhone 6S, which also used to be produced her, have been discontinued from Apple's global product portfolio. Top Apple execs have reportedly met with government officials in the country.

Apple now sells around $1.5 billion worth of phones in India but less than $0.5 billion of that total is from iPhones manufactured in the country.

The implications of this sizeable shift in the manufacturing line are huge, with India soon becoming an exported of the iPhone series and, by its extension, India's largest exporter as well. The step could be part of the Indian government's Production-Linked Incentive (PLI) scheme and could yield iPhones worth up to $40 billion for exports via Apple's contract manufacturers Wistron and Foxconn.

With this move, Apple is planning to produce iPhones worth $40 Bn through its contractors Foxconn and Wistron, and essentially diversifying its production out of China, and set India as a base for manufacturing and export.

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It covers Gossips, Politics, Movies, Technolgy, and Sports News and Photo Galleries and Live Coverage of Events via Youtube . India is also committed to resolving outstanding boundary issues through diplomatic dialogue, Srivastava had said.

Officials are reportedly willing to look into concerns that Apple has about the PLI scheme including how it values plants and machinery already in use in China and the extent of the detailed business information that companies are required to provide under the scheme.

According to the report, the first steps for this process were taken on the 28th of December a year ago when India's Prime Minister Narendra Modi met top executives of Apple, Samsung, and Lava. At the time, Apple had thanked the government for its move and said it looks forward to "one day welcoming customers to India's first Apple retail store". The government believes that other smartphone manufacturers like Samsung, Vivo and Oppo may also start applying from next week, once the guidelines are out. Apple plans to achieve the target in the upcoming five years. The scheme will come into effect from August 1.

The government reportedly expects mobile phone exports to cross $100 billion through this scheme.

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