iPhone exports from India reach $10 billion as government schemes woo global suppliers
Jammu, April 28 -- India's smartphone exports have witnessed a major spike in recent years, with iPhone shipments from the country alone crossing $10 billion in value for the first time in 2023-24. Powered by production-linked incentive schemes unveiled by the government, Apple has significantly ramped up iPhone assembly in India through contract manufacturers like Foxconn and Wistron.
iPhone exports accounted for around 65% of India's total smartphone exports last fiscal year valued at $15 billion, up from just $5 billion in the previous year. This dramatic growth can be attributed to efforts by the Modi government to transform India into a global electronics manufacturing hub. Large scale iPhone production was pioneered by Foxconn at i...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.