Apple plans to increase production in India more than fivefold within the next five years, government officials said.
The company surpassed $7 billion in production in the country last fiscal and is targeting $40 billion, officials added. Apple did not respond to an emailed query outside business hours.
Apple produces iPhones in India and has plans to also make AirPods next year. In a first, the company launched its made-in-India iPhone 15 this month on global release day.
Meanwhile, the country aims to expand its electronics industry to $300 billion by 2026, thanks to increased smartphone production and a global push to de-risk China-based supply chains, India’s deputy technology minister Rajeev Chandrasekhar said earlier this month .
The company surpassed $7 billion in production in the country last fiscal and is targeting $40 billion, officials added. Apple did not respond to an emailed query outside business hours.
Apple produces iPhones in India and has plans to also make AirPods next year. In a first, the company launched its made-in-India iPhone 15 this month on global release day.
Meanwhile, the country aims to expand its electronics industry to $300 billion by 2026, thanks to increased smartphone production and a global push to de-risk China-based supply chains, India’s deputy technology minister Rajeev Chandrasekhar said earlier this month .
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