20.1 C

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.


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.”

- Advertisement -TechnoSports Ad

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

- Advertisement -Follow-Google-News


Kia Sonet Facelift Teaser Unveils Fresh Design Elements: New Headlights and LEDs

Kia is gearing up to introduce a facelift for...

Wynk Rewind is now live with India’s favourite music of 2023

India's top music streaming app, Wynk Music, today revealed...

S8UL Wins ‘Esports Content Creator’ Award Second Year in a Row at 2023 Esports Awards

For the second year in a row, India's premier...

OnePlus 12 Revives Wireless Charging and Introduces IR Blaster; Potential India Launch on January 23rd

OnePlus had initially announced that the launch of the...

Don't miss

The Sleep Company [CPS] IN


Anupam Modak
Anupam Modak
A CS Engineer and Tech Enthusiast who likes to fiddle with the latest gadgets and tech happenings around the world.

5 Easy Ways to Download Free mp3 Songs for Mobile in India

Looking to expand your music library without spending a fortune? Look no further! In this article, we present you with the ultimate guide to...

Top 10 Best Smartwatches under 2000 INR in November 2023

With the growing focus on fitness and health, a smartwatch has become an essential companion for tracking and monitoring your fitness activities and health...

Bumper Deals on Premium TVs during the Great Freedom Festival sale

It’s not been a month since the Amazon Prime Day Sale, and the e-commerce giant is back with another sale – The Great Freedom...


Please enter your comment!
Please enter your name here

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