American technology company Apple will manufacture 5 crore iPhones in India in the coming years. This will be 25% of its total annual production which means one-fourth of the iPhones used in the world will be manufactured in India. Apple’s target is to create employment in India. Its focus is to shift some production out of China. Apple wants to achieve this target within the next two to three years.
If Apple achieves this target, India’s share in iPhone production in the world will be one-fourth. The report released on Friday said that China will remain the largest iPhone manufacturer. Apple faces a tough battle as it plans to shift its production out of China. Apple’s major supplier Foxconn is planning to set up more factories in India. Because Tata Group is now ready to build one of the largest iPhone assembly plants in India.
According to government and industry data, mobile phone exports to India were worth $5.5 billion (over 45,000 crore rupees) in the April-August period in the current financial year 2023-24. According to reports, mobile phone exports were worth $5.5 billion in the April-August period, compared to $3 billion (about 25,000 crore rupees) in the same period of FY 22-23.
Apple exported about 50% of the country’s total 12 million smartphone shipments compared to Samsung’s 45 per cent exports. India is set to cross Rs 1,20,000 crore in mobile phone exports in the current financial year, with Apple leading the market with over 50% share in FY 2023-24. Apple’s goal in increasing manufacturing in India is to reduce its dependence on China. Actually, due to the COVID-19 pandemic, Apple does not want to depend only on China for its manufacturing. India is a good option instead of China because labour is available at cheap prices and the government is also encouraging it.
