Apple Wants a Quarter of Products to be Made in India

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.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Venezuela Hopeful of U.S. Sanctions to Ease, Looks For New Oil Tankers

Venezuela’s state owned energy company PDVSA is looking to lease and buy several oil tankers, hopeful of U.S. sanctions on the country’s oil exports could be eased. Since Russia’s invasion of Ukraine has prompted sanctions from the West, a global hunt for new oil supplies has intensified.  

China Pours $23 Billion to Infrastructure Projects in Sub-Saharan Africa

China’s development banks provided $23 billion in funding for infrastructure projects in Sub-Saharan Africa between 2007 and 2020, more than double the amount lent by the United States, Germany, France and Japan combined. 

Nuclear, Renewables at the Forefront in Britain’s New Energy Strategy

The British government unveiled long term plans to boost domestic energy production for maintaining “energy independence, security and prosperity”. The plan, dubbed British Energy Security Strategy, give a guideline on how Britain will bolster the deployment of wind, new nuclear, solar and hydrogen. It also aims to support the production of domestic oil and gas in the nearer term. According to the government strategy, Britain could see 95% of electricity by 2030 to be low carbon.

Stay informed

error: This content is protected !!