Apple's suppliers will make iPhone in India!
Apple's suppliers will make iPhone in India: Indian government's clearance to 14 suppliers, will soon start manufacturing Initial clearance has been received.
Very soon these suppliers will start manufacturing in India. This includes companies such as Air Pod and iPhone assembler Luxshare Precision Industry and lens maker Sunny Optical Technology. According to government sources, after getting approval from major government ministries, these companies have been made joint venture partners in India.After getting , these companies will have to find joint venture partner in India. About 14 suppliers have got the green signal from the Government of India. Apple has included their names in those companies whose services it will need to increase its presence in India. The approval of these 14 companies to come to India will help Apple to expand outside China, while India will help in becoming a manufacturing hub.
Less than 5% of iPhones are currently made in India,
Apple has exported iPhones worth $ 2.5 billion from India between April and December 2022. This is almost double as compared to the previous financial year. JP Morgan had earlier estimated that India could assemble 25% of the world's iPhones by 2025.
latest iPhone models assembled in India.
These include iPhone SE, iPhone 12, iPhone 13 and iPhone 14 (Basic). However, all Pro models sold in the country are imported. The American company started assembling the latest iPhone models in India last year. Prior to this, other suppliers including Foxconn have been producing new models.
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