In a bid to reduce its reliance on China as a base for operations, Apple could be planning to produce up to $40 billion worth of smartphones in India through contract manufacturers Wistron and Foxconn, reports The Indian Economic Times.

apple india

Several meetings between Apple's senior executives and top ranking government officials over the last few months have paved the way for the iPhone maker examining the possibility of shifting nearly a fifth of its production capacity from China to India and scaling up its local manufacturing revenues, through its contract manufacturers, to around $40 billion over the next five years, say officials familiar with the matter.

A senior government official told ET the decision is being linked to India's production-linked incentive (PLI) scheme, which was introduced to boost local manufacturing of electrical products, particularly smartphones.

A company must manufacture at least $10 billion worth of mobile phones in a phased manner between 2020 and 2025 to benefit from the PLI scheme and are required to meet target on a yearly basis.

Currently, Apple sells $1.5 billion of phones in India, but less than $0.5 billion of those are locally manufactured. In contrast, in 2018-2019 Apple produced $220 billion worth of products in China.

According to ET, government officials are willing to look into concerns that Apple hs with the PLI scheme, including how it values plant and machinery already in use in China, and the extent of the business information required under the scheme.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Tags: China, India

Top Rated Comments

clayj Avatar
53 months ago
Really wish they would move more of it back to America, even if it means prices have to go up.

And I really wish they'd move ALL of it out of China.
Score: 32 Votes (Like | Disagree)
PinkyMacGodess Avatar
53 months ago

Oddly missing from this logic, is clearly basic business sense, you have never owned a business have you?
You work for someone don’t you?
and you always have, so you don’t know any better, I get it...

Do you understand what China has done to the world recently?
I ran a computer company for over 40 years. You want to lecture me on 'business'?

It's funny, I remember when 'business' meant helping your employees to have a better life. Employers cared about the people they employed. When a business announced massive layoffs, their stock took a hit. Back then, that meant the company was struggling, back then it meant that the end could be near. Then something changed. I remember watching CNBC, and major corporations announced massive job cuts, and their stock went up. Investors knew those jobs were going to China, or elsewhere, and the corporation would start reaping higher profits. The products didn't get better, the production of them got drastically cheaper. To go from a high labor cost to an almost literally zero labor cost is why these corporations were making huge profits, and the investor class lined up at the capital gains trough. My company used to sell to the residential market, and that ended. We sold to the business market and that ended too. Clients and customers went bankrupt because of the drive for profit.

Profit above all is evil. Profit above all is inhumane. Corporations were not started to enrich the investors, they were started to enrich the workers, and the areas they were located. Things changed, and not for the better. But, by all means, keep trying to lecture me on 'business'. This could prove humorous...
Score: 29 Votes (Like | Disagree)
otternonsense Avatar
53 months ago

It’s almost as though there are many other factors that add to the final cost of the product, such as R&D. [emoji849]
Looking at all of Apple's recent releases... what R&D?
Score: 14 Votes (Like | Disagree)
PinkyMacGodess Avatar
53 months ago

Really wish they would move more of it back to America, even if it means prices have to go up.

And I really wish they'd move ALL of it out of China.
The jobs didn't HAVE to go to China. The jobs went to China to make more profit.
Score: 13 Votes (Like | Disagree)
GalileoSeven Avatar
53 months ago
I suspect once Apple moves (if they do......), others might eventually follow.
Score: 13 Votes (Like | Disagree)
rjp1 Avatar
53 months ago
Great to see an American company invest in America.
Score: 13 Votes (Like | Disagree)

Popular Stories

iOS 18 Siri Integrated Feature

Report: These 10 New AI Features Are Coming in iOS 18

Sunday May 26, 2024 12:57 pm PDT by
iOS 18 and macOS 15 will offer an array of new AI features such as auto-generated emojis, suggested replies to emails and messages, and more, Bloomberg's Mark Gurman reports. A significant portion of Apple's Worldwide Developers Conference (WWDC) is expected to focus on AI features. Writing his latest "Power On" newsletter, Gurman explained that Apple's AI strategy emphasizes providing...
new best buy blue

Best Buy's Memorial Day Sale Has Record Low Prices on iPads, MacBooks, and Much More

Friday May 24, 2024 7:12 am PDT by
Best Buy today kicked off its Memorial Day weekend sale, and it has some of the best prices we've tracked in weeks on iPads and MacBooks. Specifically, you'll find record low prices on the 5th generation iPad Air, iPad mini 6, M2 MacBook Air, and M3 MacBook Pro. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a purchase, we may receive a small payment,...
iOS 18 WWDC 24 Feature 2

Gurman: iOS 18 Will Allow Users to Recolor App Icons and Place Them Anywhere

Sunday May 26, 2024 12:22 pm PDT by
Apple's iOS 18 update will introduce new features for further customizing the iPhone's home screen, according to Bloomberg's Mark Gurman. In the latest edition of his "Power On" newsletter, Gurman claimed that Apple will allow users to change the color of app icons in iOS 18. For example, "you can make all your social icons blue or finance-related ones green." This kind of home screen...
Apple iPhone 14 color lineup feature

Apple Now Selling Refurbished iPhone 14 Models

Friday May 24, 2024 11:15 am PDT by
Apple today added refurbished iPhone 14, iPhone 14 Plus, iPhone 14 Pro, and iPhone 14 Pro Max devices to its online store for refurbished products, offering the prior-generation iPhones at a discount for the first time since their 2022 launch. The iPhone 14 is available starting at $619, the iPhone 14 Pro is available starting at $759, and the iPhone 14 Pro Max is available starting at $849. ...
top stories 25may2024

Top Stories: iOS 17.5.1 Fixes Concerning Photos Bug, All-New iPhone 17 Model Rumored, and More

Saturday May 25, 2024 6:00 am PDT by
It's been quite a week of Apple news and rumors, ranging from a concerning bug with deleted photos reappearing on users' devices to hot rumors about a new high-end iPhone model for 2025 and a MacBook with a foldable screen coming as soon as 2026. Other news and rumors this week included fresh expectations for iOS 18 features and new headphones from Sonos to compete head-to-head with AirPods...