I Phone maker Apple is planning to expand its
manufacturing in India from the current 5 to 7 per cent to 25 per cent of its
total production, commerce minister Piyush Goyal said.
“They are already at 5 to 7 per cent of their
manufacturing in India. If I am not mistaken, they are targeting to go up to 25
per cent of their manufacturing in India,” Mr. Goyal said at the Inception
Meeting of Business 20 (B20), the official G20 dialogue forum with the global
business community in Gandhi Nagar.
Amid Covid outbreak in
China, the Cupertino-based company, with a market cap of 2.18 trillion US
dollars, is looking to increase its manufacturing in India.
On 6 November, Apple announced that the supply of I
Phones 14 Pro and I Phone Pro Max models will remain subdued owing to tighter
Covid policy in China’s Zhengzhou, which houses the world’s largest I Phone
manufacturing facility in the world run by Foxconn. Apple has three contract manufacturers in India - Foxconn Hon Hai,
Pegatron in Tamil Nadu and Wistron in Karnataka.
Foxconn, started manufacturing the latest iPhone 14
series in India in September, last year, apparently the same month, it was
launched worldwide. Meanwhile, production of I Phone 13 kicked off six months
after its global launch. As per reports, Foxconn is also mulling to quadruple
the workforce at its Indian I Phone factory near Chennai over a period of two
years. Besides this, Pegatron’s unit in Chennai also began making I Phones in
India in the month of November.
All the three Apple
manufacturers have been chosen for cash incentives under the government’s
Production-linked Incentive (PLI) scheme. As per reports, Apple shipped 1.9 million I Phones
in October-December quarter and is the sixth leading smart phone vendor in
Foxconn has started manufacturing the latest I Phone
14 series in India in September, last year, the same month it was launched
worldwide. Meanwhile, production of I Phone 13 kicked off six months after its