“Apple To Shift 18% Of Global iPhone Production To India By 2025”, News 18, June 14, 2023:

“The US-based tech giant Apple may shift 18 per cent of its global iPhone production to India by 2025 due to the government’s production-linked incentive scheme for mobile phones, according to a new report. The scheme may encourage Apple and its vendors to expand operations in the country.

The report from Bank of America, spotted by the Economic Times, said that the PLI scheme for mobile phones can help India meet its ambitious target to treble its domestic production to $126 billion and achieve five times growth in exports to $55 billion, by FY26.

Earlier, reports suggested that Apple has raised its iPhone production in India from 1 per cent in 2021 to 7 per cent in 2023. Previous reports also mentioned that Apple wants to manufacture 25 per cent of iPhones sold globally in India by 2025…..”

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