In a significant move towards diversifying its manufacturing base, tech giant Apple has doubled its iPhone production in India, according to a recent report by Bloomberg. Last financial year, Apple assembled iPhones worth a staggering USD 14 billion in India, marking a substantial increase from previous years.
Sources familiar with the matter, who requested anonymity as the information is not yet public, revealed that Apple now produces as much as 14 percent of its devices in India. This surge in production indicates Apple’s efforts to reduce its reliance on China amid escalating geopolitical tensions.
The Indian government’s Production Linked Incentive (PLI) scheme has played a pivotal role in driving this manufacturing shift. Introduced to incentivize domestic production across various sectors, including electronics, the PLI scheme has attracted major players like Apple to establish manufacturing facilities in India.
Apple initiated iPhone manufacturing in India back in 2017, with the latest iPhones now being produced domestically. The PLI scheme, which covers aspects like assembly, testing, marking, and packaging units, aims to bolster the country’s electronics manufacturing landscape and elevate India’s global standing in the sector.
With the launch of PLI schemes across 14 sectors, the Indian government aims to enhance the competitiveness of domestic manufacturers, attract investments, boost exports, integrate India into global supply chains, and reduce dependency on imports.
The surge in iPhone production underscores India’s growing significance as a manufacturing hub for global tech companies. Apple’s increased investment in Indian manufacturing aligns with broader efforts to diversify supply chains and mitigate risks associated with geopolitical uncertainties.
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