According to a report by the Indian news outlet The Economic TimesApple executives have been meeting with key Indian government officials to explore the possibility of moving a huge chunk of Apple’s ipad production from China to India. The production, the sales may increase to as much as $40 billion over the next five years. This is according to officials familiar with the matter.
We are expecting Apple to produce up to $40 billion dollars ‘ worth of smart phones, mainly for export through contract manufacturers, Wistron and Foxconn, by making use of the benefits on the basis of the production-linked incentive (PLI) scheme.
Apple doesn’t necessarily have to be a big market for it in India. According to the official, Apple wants to make India as a production base, especially for export, are likely to diversify production outside of China. It has been reported that 20% of Apple’s iPhone production could be moved to India.
The Indian official is expected in mobile phone exports exceed $100 billion a year by 2025. By 2019-2020, the smartphone exports from India were around $3 billion. Apple has been producing a number of iPhone-XR-units in India, by Foxconn. By Winstron, Apple will even have produced the first-gen iPhone SE the iPhone 6S and the iPhone 7 in India, but is now discontinued.