Apple Inc set to achieve Rs 20,000 crore exports from India in April-December period

13 Dec 2022 , 02:20 PM

Recently reports highlighted that as Apple’s three major manufacturers, Foxconn, Pegatron, and Wistron, look bullish on scaling up iPhone manufacturing in India, the US-based smartphone maker’s production in India could skyrocket. China’s Covid lockdown policy has severely disrupted iPhone production there. This has made Apple and its contract manufacturers to look towards India, for shifting their production from China.

In a recent development, Apple Inc. is all set to export iPhones worth Rs 20,000 crore from India between April and December this year. 

The development comes on the back of Indian Government’s announcement of Rs 41,000 crore production-linked incentive (PLI) scheme. It is also worth noting that India has made numerous exceptions for Apple in its manufacturing policies.

Earlier, Following the implementation of the PLI scheme in 2020, Apple relocated some of its manufacturing from China to India, following a one-year extension in PLI scheme due to the pandemic.

It is worth noting that all three of Apple’s major contractors have successfully applied for PLI incentives in India.

As Apple seeks to diversify its production units outside of China, India could become a major manufacturing hub for iPhones. The move could push total iPhone production in India to 20% of global output, up from 5% currently.  

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