India, April 9 -- Apple exported iPhones worth more than INR 1.5 Lakh Cr ($17.32 Bn) from India in the financial year ending March 2025, Union Minister Ashwini Vaishnaw said.

This also marks a 76% year-on-year (YoY) jump and doubling Apple's committed target under the production-linked incentive (PLI) scheme, according to a report by Business Standard.

In the calendar year 2024, Apple surpassed the INR 1 lakh Cr mark in iPhone exports from India, with total shipments reaching a record $12.8 Bn (around INR 1.08 Lakh Cr).

The report also highlighted that the tech major's PLI target under mobile devices scheme stood at INR 74,900 Cr for FY25.

Following the report, Vaishnaw announced on X, "FY25 saw the highest ever INR 2 Lakh Cr smartpho...