Apple to Boost iPhone Production in India Under PLI Scheme

Apple may shift more than 18% of its iPhone production to India by FY25, according to a Bank of America research report.

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The government's production-linked incentive (PLI) scheme drives Apple's interest in manufacturing iPhones in India.

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The PLI scheme has successfully boosted mobile phone production and exports in India.

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Challenges remain in localizing specific components, but the PLI scheme has helped increase electronic exports.

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Apple's major supplier, Foxconn, is working on expanding its manufacturing units in India.

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Tata Group, Apple's newest partner in India, will manufacture the upcoming iPhone 15 series in India.

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