In a shift from China, Apple produces iPhones worth ₹1.89 lakh crore in India: Report
In a significant development, Apple has reportedly produced iPhones worth $22 billion (around ₹1.89 lakh crore) in India in the 12 months till March, marking a significant shift from its traditional manufacturing hub in China. This means that the US-based company now assembles one in five (or 20%) of its iPhones in India, marking a nearly 60% increase in production over the previous year, according to a report by Bloomberg.
This development is a major milestone for Apple’s India operations, and it signals a significant shift in the company’s manufacturing strategy. For years, China has been the primary manufacturing hub for Apple’s iPhones, but the company has been looking to diversify its production base to reduce its reliance on a single country. India, with its large and growing consumer market, has emerged as a key destination for Apple’s manufacturing operations.
The reported $22 billion worth of iPhones produced in India is a significant increase from the previous year’s production figures. In 2020, Apple produced around $14 billion worth of iPhones in India, which translates to around 15% of the company’s global production. The rapid increase in production in India is a testament to the company’s efforts to expand its manufacturing presence in the country.
Apple’s decision to increase its production in India is driven by several factors, including the country’s large and growing consumer market, favorable business environment, and government incentives. The Indian government has been actively promoting the country’s manufacturing sector, and has offered several incentives to attract foreign investors like Apple.
One of the key factors driving Apple’s expansion in India is the country’s growing demand for smartphones. India is one of the fastest-growing smartphone markets in the world, and Apple is looking to tap into this growth potential. The company has been aggressively marketing its iPhones in India, and has launched several new products and services in the country in recent times.
Another factor driving Apple’s expansion in India is the company’s desire to reduce its reliance on China. The US-China trade tensions, as well as the ongoing pandemic, have disrupted global supply chains and led to increased uncertainty for companies with significant manufacturing operations in China. Apple, like many other technology companies, has been looking to diversify its supply chain to reduce its reliance on a single country.
Apple’s expansion in India is also driven by the country’s favorable business environment. The Indian government has implemented several policies to attract foreign investment, including the ‘Make in India’ initiative, which aims to promote domestic manufacturing and job creation. Apple has taken advantage of these policies, and has set up several manufacturing facilities in the country.
The company’s Indian operations are spread across several states, including Tamil Nadu, Andhra Pradesh, and Karnataka. Apple has partnered with several local companies, including Foxconn, Wistron, and Pegatron, to set up its manufacturing facilities in India.
Apple’s decision to increase its production in India has significant implications for the country’s economy. The company’s investments in India are expected to create thousands of new jobs, and will help to boost the country’s manufacturing sector. The Indian government has also benefited from Apple’s investments, with the company paying significant taxes and contributing to the country’s GDP.
In conclusion, Apple’s decision to produce iPhones worth ₹1.89 lakh crore in India is a significant development for the country’s economy. The company’s investments in India are expected to create thousands of new jobs, and will help to boost the country’s manufacturing sector. As Apple continues to expand its operations in India, it will be interesting to see how the company’s growth trajectory unfolds in the years to come.
