Apple’s production shift from China to India is paying off. The company has produced $22 billion worth of iPhones in India over the past 12 months. This marks a 60% increase from the previous year. Now, one in five iPhones sold globally comes from Indian factories.
Key Players in India’s iPhone Production
Several manufacturers are involved in Apple’s production in India:
- Foxconn Technology Group operates a major factory in southern India.
- Tata Group acquired Wistron Corp.’s facilities and oversees Pegatron Corp.’s operations.
Why India?
The decision to move production to India is largely driven by global trade tensions. During Donald Trump’s presidency, the US imposed tariffs on Chinese imports, prompting companies to seek alternative manufacturing locations. India’s government, under Prime Minister Narendra Modi, has been actively promoting the country as a global tech manufacturing hub. The government offers incentives and subsidies to foreign manufacturers, making it an attractive destination.
Apple has benefited from recent trade developments, with some smartphones and electronics being exempt from additional import duties. This move has helped reduce production costs.
The source of this information is Bloomberg.
