Tech Giant Apple Ramps Up Manufacturing Operations in India

- Advertisement -

India is said to be the second largest smartphone market in the world. Apple’s best quarter performance in the country came during Q4 2020. More and more companies are moving away from China

Apple has started the assembly of its latest smartphone iPhone 12 in India. It, at the time, is not clear whether which of Apple’s contract manufacturers is assembling these latest iPhone models in the country but a report by Reuters notes that it is Foxconn that is responsible for doing the same.

It is worth mentioning here that Apple had begun assembling iPhones in India starting 2017. Wistron was Apple’s first contact manufacturer to start these operations in the country. In the series of events that followed the lock downs announced in India last year, Wistron, Pegatron as well as Foxconn have announced plans to invest around $900 million in the country.

- Advertisement -

Apple for FY 2020 has reported revenue figures of Rs 13.756 crore. These figures, during FY 2019, stood at Rs 10,674 crore. This 29 per cent year-on-year jump in revenue also represents a jump of nearly 267 per cent in the profits Apple made in India during FY 2020 compared to Fy 2019. The company, last year, had announced an investment of $13 million (approx Rs 1000 crore) for India. Apple, through the investments, is planning to start an online retail platform and launch physical stores in the country.

Foxconn Hon Hai, Wistron and Pegatron, all the three contract manufacturers of Apple, had got the go-ahead for inclusion in the PLI scheme announced for smartphone manufacturers in India last year. Apple has been trying to move a lot of its manufacturing capabilities away from China lately. These actions have been considered as a way of Apple tackling the trade tensions between China and its home country USA.

“Nice to see our efforts to make India a big hub of mobile and components manufacturing is attracting global attention,” read a tweet byIndia’s technology minister Ravi Shankar Prasad following news of iPhone 12 production in India.

Samsung, another tech giant, had recently announced that it will make an investment of Rs 4,825 crore to relocate its mobile and IT display production unit from China to NCR in Uttar Pradesh. The UP government’s cabinet headed by chief minister Yogi Adityanath approved special incentives to Samsung Display Noida Private Limited. The manufacturing unit is expected to generate direct employment of 510 people besides giving indirect employment.

Toyota Tsusho, a trading arm of Toyota Group and component maker Sumida Corporation, are looking to shift their manufacturing based from China to India. Out of Rs 1.15 trillion worth of electronics components that India imported in 2019-20, 37 per cent were imported from China. India exported smartphone components worth Rs 56,039 crore during 2019-20. Out of the total amount, smartphone components worth Rs 25,441 crore were exported from China.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Q1 2024: Memory Demand, China Shipments Lift Wafer Makers

0
The Counterpoint report concluded that despite the overall revenue decline, few factors benefited wafer fab equipment manufacturers in the first quarter of the year,...

Indian Automobile Industry Value Surges 19% In FY 2023-24

0
India's vehicle production grew by 10%, with a 19% increase in value.  The UV + SUV segment saw the highest growth, with a 23% rise...

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Buzz

Karnataka Allocates 234 Acres For Electronic Manufacturing

0
Karnataka government allocates 234 acres for electronic manufacturing cluster and semiconductor units, aiming for Rs 1000 crore investment and creating 4000 to 5000 jobs. Karnataka...

GPS Renewables Partners With IndianOil Corporation

0
The 50:50 joint venture aims to advance sustainable energy and biofuel adoption in the country. On Wednesday, government enterprise IndianOil Corporation (IOC) revealed its collaboration...

Renesas Acquires Transphorm For GAN Technology

0
Renesas acquired Transphorm Inc. for its GaN technology, expanding into markets like EVs, data centres, AI, and renewable energy. Upon completion of its acquisition,...

Important Sectors

Karnataka Allocates 234 Acres For Electronic Manufacturing

0
Karnataka government allocates 234 acres for electronic manufacturing cluster and semiconductor units, aiming for Rs 1000 crore investment and creating 4000 to 5000 jobs. Karnataka...

GPS Renewables Partners With IndianOil Corporation

0
The 50:50 joint venture aims to advance sustainable energy and biofuel adoption in the country. On Wednesday, government enterprise IndianOil Corporation (IOC) revealed its collaboration...

Renesas Acquires Transphorm For GAN Technology

0
Renesas acquired Transphorm Inc. for its GaN technology, expanding into markets like EVs, data centres, AI, and renewable energy. Upon completion of its acquisition,...

India Aims For $100 Billion Semiconductor Market

0
India embarks on a chip manufacturing journey aiming for a $100 billion semiconductor market by 2030; the IESA advocates using 28 nm chips for...

Hyundai Flags Government Policies Before $325M IPO 

0
The Korean tech manufacturer raised concerns about localisation rules like PLI for automotive technology ahead of its million-dollar initial public offering.  Before its million-dollar IPO,...

Manufacturing

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...