According to Mr. Rajeev Chandrashekhar, Minister of State for Electronics and Information Technology, the Apple ecosystem in India has created over a lakh new direct manufacturing employment in the past two years.
About 70% of these are women between the ages of 19-24 who are beginning their professions, developing their abilities, and making life easier for their families, he continued.
Apple has increased its manufacturing in India, and in FY23, iPhone shipments from India increased to more over US$ 5 billion. India's entire smartphone exports also surpassed US$ 10 billion for the first time in a fiscal year, supported by Apple.
Since 2017, Apple has collaborated with vendors to build new iPhone models and supply an increasing number of components. The business started producing iPhones in India in 2017.
Prior to the opening of the company's second store in Delhi on April 20, 2023, Mr. Tim Cook will meet with Prime Minister Mr. Narendra Modi and the country's deputy IT minister on April 19, 2023. During his meeting with the government, Mr. Tim Cook is likely to discuss the company's plans to produce more goods, such as earphones and smart watches, and export them from India in addition to iPhones, to build the component eco-system, and even to begin local production and sourcing of manufacturing equipment through its partners in the nation. He further stated that this agreement is in line with their strategy of expansion in the fluoropolymer and electronic segments, manufacturing high value molecules and boosting the value chain with the support of our customers.
In Mumbai, Apple opened its first self-branded retail location in India, with the Chief Executive Officer Mr. Tim Cook in attendance.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.