Apple To Raise India's iPhone Production Share To 30-35% Within Five Years
Apple is expected to increase India's share of global iPhone production from about 25 percent currently to 30-35 percent over the next five years. The official said Apple is expected to shift about 30-35 percent of its global iPhone production to India from 25 percent currently, in the next five years. The shift could push the annual value of India's iPhone output from roughly $25 billion to…
Apple aims to raise its share of India's global iPhone production to between 30-35 percent within the next five years, up from the current 25 percent. This shift could increase India's annual iPhone output value from approximately $25 billion to $40-45 billion by 2031. The Production Linked Incentive (PLI) scheme, launched in April 2020, has been instrumental in this growth, with Apple becoming the top beneficiary of the Rs.
30,000-crore, five-year program. Government officials maintain close communication with Apple to address any issues that arise, describing their relationship as a "whole of government approach" to business. Apple's largest contract manufacturer, Foxconn, is exploring the construction of a new facility in Gujarat to expand its India presence.
The proposed site near Sanand in Ahmedabad district, if approved, would add to Foxconn's existing footprint in India, which already includes a 300-acre iPhone assembly plant near Bengaluru airport in Karnataka. This expansion further solidifies Gujarat's position as a key hub for electronics and semiconductor manufacturing, building upon its existing industrial base and proximity to Ahmedabad's transportation infrastructure.
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