Get All Access for $5/mo

Apple Plans 25% Manufacturing Scale Up In India, Says Piyush Goyal Information technology minister Ashwini Vaishnaw on Monday tweeted that Apple's exports from India had hit $1 billion in December

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Piyush Goyal Twitter handle

Minister of commerce, industry and consumer affairs Piyush Goyal, on Monday, said that Apple Inc plans to ramp up its production in India, making it accountable for 25% from the current levels of 5%-7%.

While pitching India as a competitive manufacturing destination, Goyal said in a statement that, "Apple is already at about 5%-7% of their manufacturing in India. If I am not mistaken, they are targeting to go up to 25% of their manufacturing. They launched the most recent models from India, manufactured in India." However, the minister did not mention a timeline for the revised target by the iPhone maker, as per reports.

According to a J P Morgan report, released in September 2022, Apple may make one out of four iPhones in India by 2025. The report also claimed that not only iPhones but also the 25% of all Apple products that includes iPad, Apple Watches, Airpods, Macs and so on is said to be moved outside China by 2025.

Later, in October 2022, Apple had asked its suppliers to move some AirPods and Beats headphone manufacturing to India for the first time. It was then also reported that Apple iPhone assembler Foxconn is preparing to make Beats headphones in India and hopes to eventually produce AirPods in the country as well.

Referring to the recent developments in the tech giant's manufacturing plans, information technology minister Ashwini Vaishnaw on Monday tweeted that Apple's exports from India had hit $1 billion in December. As per reports, more than a dozen of Apple's Chinese suppliers are receiving initial clearance by India to expand in the country, helping the tech giant's efforts to diversify its assembly network beyond China.

There were also reports regarding the Indian companies' desire to get involved in iPhone manufacturing. Recent reports revealed that India's Tata group has been partnering with Apple and its partners for manufacturing and retails services in India. The salt-to-software conglomerate has been in talks with the factory's owner, Taiwan's Wistron Corp., for months, and is looking to complete the purchase by the end of March 2023.

According to a Bloomberg report in 2022, iPhone exports from India set to reach $2.5 billion in the 12 months through March 2023.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Palette Brands, Clapingo, and Finsall Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Growth Strategies

Can NEET Exam Be Manipulated? What We Know So Far

Around 1500 students from six centres complained that they were not given the full time for completing the exam, because of various reasons including distribution of the wrong question paper, torn OMR sheets, technical glitches, and delay in distribution of the OMR sheets.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.