iPhone exports from India have estimated to have increased by $1 billion in April, and may increase by $2.5 billion by March 2023

iPhone exports from India have estimated to have increased by $1 billion in April, and may increase  ...

According to some experts, Apple''s iPhone exports from India increased to $1 billion in five months since April, indicating that the South Asian country is making progress in its quest to become a leader in electronics manufacturing. At the current rate, outbound shipments of India-made iPhone models, mostly to Europe and the Middle East, will reach $2.5 billion (roughly Rs. 10,600 crore) in the twelve months through March 2023, according to authorities. This is about twice the amount of $1.3 billion (roughly Rs. 10,600

India makes up only a small portion of iPhone output, while rising exports are beneficial for Prime Minister Narendra Modi''s suggestion to make the country an alternative to China as a factory to the rest of the world. Apple, which has long established its most iPhone handsets in China, is increasingly looking for alternatives as Xi Jinping''s administration confronts the US government and enforces lockdowns across the country.

India is gradually assuming an important position in the company''s China plus one strategy, according to Navkendar Singh, an analyst at IDC. And for India, this is a major sign of the success of its financial incentives program.

Apple representatives didn''t respond to an email for a reply. For years before Modi''s $6 billion (roughly Rs. 50,000 crore)incentive effort in 2020 pushed the US IT giant to increase its production.

Foxconn, Wistron, and Pegatron, both of Apple''s key Taiwanese contract manufacturers, are currently developing iPhone handsetsat factories in southern India. All three have been awarded manufacturing incentives under a federal government strategy.

According to Bloomberg Intelligence estimates, India is still far behind China. According to 3 million iPhone models were produced in India last year.

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The iPhone 11,iPhone 12, and iPhone 13 models are exported from India last month, according to authorities. After a surprisingly smooth production implementation, Apple reduced the gap between Chinese and Indian output by months to weeks.

India is putting up plans to increase financial incentives for tablet and laptop manufacturers, aimed at enabling Apple to produce MacBooks and iPads locally, as well as attract other brands.

While moving out of China, where Apple has built a long-term supply chain for several decades, isn''t easy. According to a Bloomberg Intelligence study, only ten percent of Apple''s production capacity would be removed from China, where roughly 98 percent of the company''s iPhones are being developed.