According to Union Commerce Minister Piyush Goyal, Apple Inc. wants India to produce up to 25% of its products instead of just 5% to 7% as it does currently. According to reports, the manufacturer of the iPhone is still shifting its manufacturing away from China.
Piyush Goyal praised Apple as “yet another success story” while promoting India as a viable location for manufacturing.
They already have between 5 and 7 percent of their production in India. They intend to increase their production to 25% if I’m not incorrect. In a news conference, the minister said, “They introduced the newest models from India, made in India.
He did not, however, specify a timeframe for when Apple hopes to reach the goal, and an inquiry for comment was not promptly answered by Apple.
California-based Cupertino In keeping with the Indian government’s desire for domestic manufacturing, Apple began assembling iPhones there in 2017 with Wistron and later with Foxconn.
The workforce at Foxconn’s iPhone manufacturing in India will more than treble over the course of two years, sources told Reuters last year. Apple’s exports from India reached $1 billion in December, according to tweets from Ashwini Vaishnaw, India’s minister of information technology, on Monday.
Apple’s decision to move production overseas has been motivated by the Covid-19-related lockdowns and limitations in China as well as the escalating economic and geopolitical tensions between Beijing and Washington.
Analysts at JP Morgan predicted that by 2025, 25% of all Apple products—up from the current 5%—would be produced outside of China.
In the meanwhile, India has given more than a dozen of Apple Inc.’s Chinese suppliers the go-ahead to grow there, supporting the tech giant’s aim to diversify its manufacturing network outside of China.
A unit of lens manufacturer Sunny Optical Technology Group Co. and AirPods and iPhone assembly company Luxshare Precision Industry Co. is among the businesses receiving clearance, according to individuals with knowledge of the situation who asked not to be identified since the licenses are private.
