Rajkotupdates.news: Apple iPhone Exports from India Doubled Between April and August
In recent news, Rajkotupdates.news Apple iPhones from India have doubled between April and August. This is a significant increase in the export of iPhones, and it has been noted that this surge in exports is due to the ongoing global pandemic.
Apple iPhone Production in India
Apple started producing iPhones in India in 2017 with its supplier, Foxconn. Initially, the production was limited to older models like the iPhone SE and 6S, but gradually, Apple has expanded its production line in India. In 2020, Apple started producing the iPhone 11 in India, and it was reported that the company planned to increase its production in India.
Increase in iPhone Exports from India
According to the latest data released by the Ministry of Commerce and Industry, India exported iPhones worth $1.5 billion between April and August 2022. This is more than double the amount exported during the same period last year. The data also revealed that the total value of mobile phone exports from India during this period was $3.3 billion, which is a 63% increase from the previous year.
Reasons for the Surge in iPhone Exports
The global pandemic has disrupted supply chains around the world, and it has affected the smartphone industry as well. The closure of factories in China, which is the world’s largest producer of smartphones, has led to a shortage of smartphones in the global market. This has created an opportunity for other countries to fill the gap in the supply chain, and India has emerged as a significant player in this regard.
Apart from the disruption in the global supply chain, the Indian government has also introduced several initiatives to promote the production and export of mobile phones from India. The Production Linked Incentive (PLI) scheme, which was introduced in 2020, provides incentives to manufacturers for producing mobile phones and components in India. The scheme has been a significant factor in attracting investment in the mobile phone industry in India.
Apple’s Move to Increase Production in India
Apple has been focusing on increasing its production in India for several reasons. Firstly, it helps the company to reduce its dependence on China, which is its biggest manufacturing base. Secondly, producing iPhones in India helps Apple to avoid the high tariffs imposed by the Indian government on imported goods. Lastly, producing iPhones in India helps Apple to tap into the growing smartphone market in India, which is expected to become the world’s second-largest smartphone market by 2025.
Conclusion
The surge in iPhone exports from India is a positive development for the Indian mobile phone industry. It not only helps India to establish itself as a significant player in the global supply chain but also provides an opportunity for the country to generate employment and boost the economy. Apple’s move to increase its production in India is also a significant development, as it indicates the company’s long-term commitment to the Indian market. With the ongoing global pandemic, the smartphone industry is likely to witness further disruption, and it remains to be seen how India can leverage this opportunity to establish itself as a key player in the global supply chain.
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