Apple will probably shift 20% of its production from China to India

Back on December 28, Indian prime minister Mr. Narendra Modi met the top executives of Apple, Samsung, and Lava. Besides, on the first day of April this year, a scheme called Production-Linked Incentive (PLI) was notified. This scheme is to gear up our domestic activities over the electronic products as well as to attract tech giants towards our country.

As a result, expected, Apple probably is trying to shift its a fifth of production from China to India. As per Economictimes, several meetings between top-ranking government officials and senior executives of Apple are going on from the past few months. Because of the shift, the local manufacturing revenue may go up to around $40 billion in the next five years. And If everything goes fine, Apple will be the largest exporter in our country.

Apple-Symbol_TechnoSports.co.in

A senior government official said, “We expect Apple to produce up to $40 billion worth of smartphones, mostly for exports through its contract manufacturers Wistron and Foxconn, availing the benefits under the production-linked incentive (PLI) scheme.”

Sad to inform, it seems the authority is facing some problem to take their steps. And that problem needs to be sorted out early. A person to ET said, “There are some problems with some of the clauses. For instance, valuing the entire plant and machinery already in use in its plants across China and other places at 40% of that value and the extent of the business information sought under the scheme are some of the irritants.”

As per the PLI scheme I mentioned earlier, a company needs to manufacture phones worth $10 billion at least in phases between 2020 to 2025 to get the benefits. The Indian government expects to take the mobile export from $3 billion (2019-20) to $100 billion with the help of this PLI scheme.

Do Check Out 👇🏼

TechnoSports 🔥 Stay Updated

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Apple Watch SE Refresh: A Plastic Chassis Sparks Controversy Among Apple’s Design Team

Apple Watch SE Refresh: A Plastic Chassis Sparks Controversy...

Apple is known for its premium materials, but a major shift could be on the horizon. Reports...
India’s Bold Vision: 5,000 Unicorns in the Future – Piyush Goyal

India’s Bold Vision: 5,000 Unicorns in the Future –...

India has emerged as a global powerhouse for startups, with a thriving ecosystem that fosters innovation, entrepreneurship,...
M5 MacBook Air: Apple’s Next-Gen Laptop Already in Development

M5 MacBook Air: Apple’s Next-Gen Laptop Already in Development

Apple’s M5 MacBook Air is already in development despite recent M4 launch. Discover release timeline, expected specs,...
Apple Watch With a Camera? Here’s What to Expect by 2027

Apple Watch With a Camera? Here’s What to Expect...

Apple is set to revolutionize the wearable tech industry once again. Reports suggest that by 2027, we...
ICC ODI World Cup: Top 5 Highest Score in World Cup history - all the details you need to know about!

ICC ODI World Cup: Top 5 Highest Score in...

The ICC Men's Cricket World Cup has been a stage for cricketing excellence ever since it...

LATEST NEWS

ISL 2024-25 Semifinal: Jamshedpur FC vs Mohun Bagan SG – Preview, Prediction and Where To Watch The Match LIVE

Jamshedpur FC will welcome Mohun Bagan Super Giant for the first leg of their Indian Super League (ISL) 2024-25 semi-final clash on Thursday. The...

Copa del Rey 2024/25 Semi-final: Atletico Madrid vs Barcelona – Preview, Prediction and Where to The Match Live

Atletico Madrid will face Barcelona in the second leg of their Copa del Rey semi-final at the Metropolitano Stadium. The tie is delicately balanced after...

Orange Cap in IPL 2025: Top 10 players with the most runs in IPL 2025 until Match 14 – RCB vs GT

Orange Cap in IPL 2025: Cricket lovers, gather 'round! The IPL 2025 fever is hitting new heights, and one of the most exciting sideshows...

TATA IPL Points Table 2025: Teams, Rankings, Wins, Losses until Match 14 – RCB vs GT

TATA IPL Points Table 2025: Hey, cricket fanatics! The IPL 2025 is absolutely buzzing right now, with fans like us glued to our screens...

Featured