The Covid-19 pandemic changed the world in a very different ways. Even though the immediate impact is mostly gone today, it has greatly changed our habits. For example, working from home used to be rare, but now it’s very popular. I’m even writing this from my living room. But these changes haven’t just affected everyday people.
The pandemic also hit China, the center of the outbreak, causing production problems. Many companies have decided to move some of their manufacturing to other countries to avoid future issues. Apple is one of those companies, and it has invested a lot in India. According to recent news, Apple wants to do even more in India. They are planning to increase the making of parts within the country. Here are the details..
Apple to Scale Up Domestic Component Manufacturing in India
According to the Moneycontrol’s report, Apple is looking to scale up its domestic component manufacturing in India. The iPhone maker has shared the details of its plans in a meeting with top finance ministry officials. The official said that Apple is interested in increasing its domestic component base and is actively looking at ways to do so.
The meeting focused on better understanding the supply chain and how to indigenize more of the manufacturing process. The overall growth of the smartphone manufacturing industry in India was also reviewed. The government is not receptive to providing any tax incentives to Apple, but the company is still interested in investing in India. The official said that Apple wants to “indigenise faster” and is “eager to increase the domestic component manufacturing base in India.”
This move is likely part of Apple’s broader strategy to diversify its supply chains beyond China. A major chunk of Apple’s suppliers are based in China, and the company has been looking to reduce its reliance on the country in recent years. Apple has been manufacturing iPhones in India since 2017. The company currently makes about 7% of its iPhones in India, and it is expected to increase that number in the coming years.
Apple’s plans to scale up domestic component manufacturing in India are a positive development for the country’s electronics industry. The government’s PLI scheme has already attracted significant investment from smartphone manufacturers, and Apple’s move is likely to further boost the industry. The increased manufacturing activity is expected to create jobs and boost the economy. It will also help India to become a more self-reliant country in terms of electronics manufacturing.
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