Apple iPhone 16 to be Produced in India and Supplied Globally, Furthering Modi's "Make in India" Initiative
Apple iPhone 16 to be Produced in India and Supplied Globally, Furthering Modi's "Make in India" InitiativeIndia's Minister of Electronics and Information Technology, Ashwini Vaishnaw, announced on Tuesday that Apple's latest iPhone 16 will not only be manufactured in India but will also be supplied to the global market. This news further underscores the success of Prime Minister Modi's "Make in India" initiative and marks a significant step forward in Apple's strategy to diversify its production
Apple iPhone 16 to be Produced in India and Supplied Globally, Furthering Modi's "Make in India" Initiative
India's Minister of Electronics and Information Technology, Ashwini Vaishnaw, announced on Tuesday that Apple's latest iPhone 16 will not only be manufactured in India but will also be supplied to the global market. This news further underscores the success of Prime Minister Modi's "Make in India" initiative and marks a significant step forward in Apple's strategy to diversify its production.
Apple has consistently sought to reduce its reliance on single countries, especially in an environment marked by geopolitical complexities and supply chain uncertainties. By establishing production lines in emerging markets like India, Apple can effectively diversify its risk and enhance the stability and reliability of its supply chain.
The Indian government has actively supported Apple's production plans in the country. Earlier this year, the government announced a reduction in import duty on components used for phone production from 15% to 10%, aiming to attract more companies to set up manufacturing facilities in India. This policy has created a more favorable environment for Apple to manufacture iPhones in India.
It is noteworthy to address the rumors regarding a 50% yield rate for Made-in-India iPhones. This claim actually refers to the yield rate for phone casings produced by a Tata Group facility, not the overall yield rate for the entire device. Foxconn chairman Liu Yangwei has clarified this point.
Apple's manufacturing plans in India will not only generate employment opportunities but also contribute to the development and improvement of the local supply chain and technological advancements, ultimately boosting India's economic growth. Furthermore, India's potential as a global manufacturing hub will be further realized with Apple's presence.
With the production and supply of Apple iPhone 16 in India, it is anticipated that more international companies will choose to set up manufacturing facilities in India, further driving economic development and technological progress. Prime Minister Modi's "Make in India" initiative will achieve greater success, creating more iconic products for the world.
Tag: in India Apple iPhone to be Produced and Supplied
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