Apple Wants a Quarter of Products to be Made in India
- January 24, 2023
- Posted by: Quatro Strategies
- Category: Manufacturing
Apple wants India to account for 25% of its production from the current 5%-7%, India’s trade minister Goyal said at a conference on Monday, as the tech giant continues with its plans to diversify manufacturing away from China. “Apple is already at about 5-7% of their manufacturing in India. If I am not mistaken, they are targeting to go up to 25% of their manufacturing. They launched the most recent models from India, manufactured in India.” Goyal said, but did not give a timeline on when Apple wants to meet that target.
Apple’s iPhone assembly operations in India has begun in 2017 via Wistron and then with Foxconn, two major Apple suppliers, in line with India’s push for domestic manufacturing. Since then, the California-based tech giant has been looking to increase activities in the country.
Foxconn plans to quadruple its workforce in its India iPhone plant over two years.
Meanwhile, India’s electronics and information technology minister Vaishnaw said on Monday that Apple’s exports from India hit $1 billion in December.
China’s COVID-related lockdowns and restrictions, and rising trade and geopolitical tensions between Beijing and Washington, have prompted Apple’s plans to shift production elsewhere.
It is estimated that a quarter of all Apple products would be made outside China by 2025, from 5% currently.
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