According to the information, Apples iPhone exports from India saw a stunning increase, topping ₹10,000 crores in May of this year. In April and May 2023, the countrys smartphone exports exceeded ₹20,000 crores. According to the India Cellular and Electronics Association, this is a doubling over the same period last year, when there were ₹9,066 crores.Indias exports were about 500 billion dollars in 2020-21 which increased to 776 billion dollars in 2022-23. A target has been set to take Indias exports to 2 trillion dollars by 2030…7% of Apples production is happening in India today, which is expected to increase to 25%:… pic.twitter.com/knfSFmxnx2— ANI (@ANI) June 20, 2023 Due to geopolitical unrest, the tech giant Apple is increasing local production capacity, moving its attention away from China, and attempting to make India a potential hub for its premium devices.Notably, Apples biggest supplier Foxconn will soon start manufacturing iPhones in Karnataka, India, by April 2024, as announced earlier.According to the project, it will generate about 50,000 jobs. Foxconn, a Taiwanese company, produces the bulk of Apples mobile devices.Since 2017, the company has begun producing older iPhone models at a factory in the adjoining state of Tamil Nadu, India.Due to the Covid epidemic, geopolitical friction between the US and China, as well as New Delhis ambitious Production-linked Incentive (PLI) smartphone programme, Apple Inc. is increasingly turning its attention to India.Reportedly, Apple submitted a request to the Indian authorities in January 2016 to open its stores there. The same year, India loosened its restrictions on international retailers involvement, paving the path for behemoths like Apple and IKEA to open outlets there. Notably, Apple Inc. opened its first online shop in India in September 2020.What an incredible week in India! Thanks to our teams across the country. I cant wait to return! 🙏🇮🇳 pic.twitter.com/ZlkkueN2Kp— Tim Cook (@tim_cook) April 21, 2023Tim Cook, the CEO of Apple, travelled to India in April to celebrate the opening of two retail locations for the premium smartphone brand in Mumbai and New Delhi.
