Apple is looking to significantly increase its manufacturing output in India, with plans to reach a production value of approximately $40 billion over the course of the next 4-5 years, as reported by Press Trust of India, citing sources within the government.
In the preceding fiscal year, Apple achieved a remarkable milestone by surpassing the $7 billion production threshold in India, according to an official source who preferred to remain anonymous.
This ambitious expansion in production is a part of Apple’s broader strategy to diversify its manufacturing capabilities and reduce its dependence on China. India has emerged as a key destination for Apple’s manufacturing operations, offering a growing market, skilled labor force, and favorable government policies.
Apple’s decision to bolster its production in India is indicative of the company’s commitment to the ‘Make in India’ initiative, which aims to promote domestic manufacturing and job creation. It also aligns with Apple’s global efforts to enhance its supply chain resilience and reduce geopolitical risks.
With this strategic move, Apple is poised to strengthen its presence in one of the world’s fastest-growing smartphone markets while contributing significantly to India’s economic development through increased local production and employment opportunities.
