Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference on Monday.
Reuters
January 23, 2023 / 12:54 PM IST
(Image Courtesy: Apple)
Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China.
“Apple, another success story,” Piyush Goyal said, pitching India as a competitive manufacturing destination. “They are 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 did not say when Apple wants to meet the target. Apple did not immediately respond to a request for comment.
Cupertino, California-based Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government’s push for local manufacturing.
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