India has achieved a significant milestone in its electronics manufacturing sector, with iPhone exports surpassing ₹1 lakh crore. In January alone, exports reached ₹19,000 crore, underscoring the country’s growing prominence in the global smartphone market.
This remarkable growth is attributed to the Indian government’s Production Linked Incentive (PLI) scheme, which has attracted major global players like Apple to establish and expand their manufacturing operations in the country. The PLI scheme offers financial incentives to companies based on their incremental sales and production, thereby encouraging large-scale manufacturing.
Apple’s manufacturing partners, including Foxconn, Wistron, and Pegatron, have significantly ramped up their production capacities in India. This expansion not only caters to the domestic market but also positions India as a key export hub for iPhones, reducing dependence on other manufacturing bases.
The surge in iPhone exports has positively impacted India’s trade balance and has contributed to job creation and skill development within the country. The establishment of advanced manufacturing facilities has led to the development of ancillary industries, further bolstering the local economy.
Looking ahead, industry experts anticipate continued growth in India’s electronics manufacturing sector. With ongoing government support and increasing investments from global tech giants, India is poised to strengthen its position as a major player in the global supply chain for high-end electronics.
