According to a report from Indian news outlet The Economic Times, Apple executives have been meeting with key Indian government officials to explore the possibility of moving a huge chunk of Apple’s iPhone production from China to India. Manufacturing revenues could soar to as much as $40 billion over the next five years. This is according to “officials familiar with the matter.”
We expect Apple to produce up to $40 billion worth of smartphones, mostly for exports through its contract manufacturers Wistron and Foxconn, availing the benefits under the production-linked incentive (PLI) scheme.”
Apple doesn’t necessarily have a large market in India. According to the official, Apple wants India to be a new manufacturing base, mainly for export, likely to diversify its production outside of China. It’s reported that as much as 20% of Apple’s iPhone production could be moved to India.
The Indian official expects mobile phone exports to surpass $100 billion by 2025. From 2019-2020, smartphone exports out of India were around $3 billion. Apple already produces some iPhone XR units in India via Foxconn. Via Winstron, Apple once produced the first-gen iPhone SE, iPhone 6S, and iPhone 7 in India, but have since been discontinued.
"a never ending fun drive!" Haha. That's an interesting way to put it.
your personal opinion means diddly squat as far as international recognition goes for India being the worlds largest democracy.
makes good business. even cheaper to make iPhone more profit.