Akshata Sharma
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US-based Apple exported a record $2 billion (around Rs 16,600 crore) worth of iPhones from India in April-May, IT Minister Ashwini Vaishnaw said.
"Bharat's electronics sector is unstoppable. Off to a flying start in FY25," he said.
As per a report he shared, three Apple vendors have achieved 25% of the FY25 target of $10.2 billion under the PLI scheme. As per an agency report, the iPhone maker had a record first-quarter shipment in the country, growing by 19 per cent (year-on-year).The Cupertino-based company shipped approximately 10 million iPhones in India last year. This accounted for 7 per cent of the total market share.
Apple aims to make 25% of all iPhones in India by 2028
Apple iPhone production in India has increased over the past years. One out of seven iPhones in the world is now manufactured in India. Apple aims to manufacture 25% of its iPhones in India by 2028.
Apple began manufacturing in India in 2017
Apple’s iPhone production in India started in 2017. Its manufacturer, Foxconn, began assembling iPhone SE in Sriperumbudur, near Chennai. In subsequent years, all the latest iPhone models were ‘Made-in-India’ and even exported by Apple's three contract partners —Foxconn, Wistron and Pegatron. The Wistron facility was eventually purchased by the Tata Group for $125 million in October last year.
Since then, the Cupertino-based giant is deepening its ecosystems by building a network of local vendors to reduce its dependence on China.
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