Wednesday, February 8, 2023
HomeDigit NewsMade in India iPhone shines abroad, $1 billion exported in December

Made in India iPhone shines abroad, $1 billion exported in December

American smartphone company Apple has increased the manufacturing of iPhone in India as well as exports. The company has exported handsets worth one billion dollars from the country in December. Apple’s contract manufacturers Foxconn and Wistron assemble the iPhone in India.

Electronics and IT Secretary, Alkesh Kumar Sharma informed the global business community about the $1 billion iPhone exports in December at a G20 forum. He told that the Central Government has launched some schemes to transform India from services to a product-oriented country. He said, “The Production Linked Incentive (PLI) scheme has really benefited. Mobile manufacturing in the country has reached the next level. Apple Has increased manufacturing as well as exports for India. In December, the company exported smartphones worth one billion dollars.” He told that an ecosystem is being created in India for electronic hardware, semiconductors. The government’s emphasis is on emerging technologies.

Apple has set a target of increasing India’s share in the total production of iPhone to 25 percent. For the company, this figure is currently around seven per cent. Apple started assembling the iPhone in the country a few years ago through its contract manufacturer Wistron.

Commerce and Industry Minister Piyush Goyal gave information about the company’s plan on Monday. He said, “Apple is another success story. This has made India a competitive manufacturing destination. The company already has 5-7 per cent of its manufacturing in the country. If I am not mistaken, the company’s target is to increase this.” 25 per cent. It has launched new models made in India.” However, he did not say by when Apple can meet this target. Foxconn plans to quadruple the workforce at its factories in the country over the next two years. China for Apple manufacturing is the hub of However, Apple’s manufacturing had a major impact last year due to restrictions and other difficulties caused by Corona. After this, the company has started working rapidly on the plan to shift a major part of its production from China.

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