Union Minister for Data and Broadcasting and Railways Ashwini Vaishnaw
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SHIV KUMAR PUSHPAKAR
Apple Inc. exported greater than ₹1.5 lakh crore ($17.4 billion) in iPhones from India in the final fiscal 12 months, the nation’s know-how minister mentioned Tuesday, underscoring the corporate’s efforts to diversify away from China.
As iPhone exports shot up, India has shipped out smartphones price greater than ₹2 lakh crore in the fiscal 12 months by March 2025, a soar of 54% from the earlier 12 months, tech minister Ashwini Vaishnaw mentioned at a briefing in New Delhi.
Apple has quickly expanded in India after strict Covid shutdowns paralysed manufacturing at its largest iPhone plant in China. The diversification drive has coincided with Prime Minister Narendra Modi’s ambition to flip the nation into a producing hub. India’s subsidies have helped Foxconn Expertise Group and the electronics manufacturing unit of Tata Group, which purchased Wistron Corp. and Pegatron Corp.’s India factories, scale up native iPhone meeting.
Apple didn’t instantly reply to a request for remark.
US President Donald Trump’s levies on China — and his risk to impose an extra 50% tariff — may push Apple to transfer extra manufacturing towards India and international locations in Southeast Asia. Nonetheless, an entire shift away from the corporate’s longtime manufacturing hub is unlikely in the quick time period.
Individually, Apple has been stocking up on stock in anticipation of the tariffs. And it’s steering extra gadgets made in India to the US market, Bloomberg Information has reported. The Trump administration introduced plans to impose a “reciprocal” tariff of about 27% on India, a decrease degree than China.
Apple nonetheless ships roughly four-fifths of its iPhones from China, regardless of efforts to shift manufacturing to international locations like India and Vietnam. Rebuilding its advanced industrial ecosystem elsewhere has been expensive and can seemingly take years.
China’s strong provide chain is seen as one of many elements giving President Xi Jinping confidence as he negotiates with Trump and initiatives a defiant picture to a home viewers.
Extra tales like this can be found on bloomberg.com
Printed on April 9, 2025
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