Updated: June 14, 2023, 05:49 PM IST
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Apple is doubling down on its India plans. This is p… MoreApple is doubling down on its India plans. It plans to shift over 18% of its iPhone production to India. For the global tech giant, India is now a preferred manufacturing location. The Modi government’s PLI scheme is increasing mobile phone assembly and production in the country and companies like Apple are responding to the government’s call to make in India. Apple already produces 7% of its iPhones in its factories in India. This number is now set to grow almost 2.5 times to 18% by FY25. Citing the recent success of mobile phone assembly and production in India, a research report by Bank of America has claimed that increased mobile phone production in India will lead to significant growth. Changes in global supply chains.