Apple in India
(Created page with "{| class="wikitable" |- |colspan="0"|<div style="font-size:100%"> This is a collection of articles archived for the excellence of their content.<br/> Additional information ma...") |
Revision as of 21:27, 24 June 2021
This is a collection of articles archived for the excellence of their content. |
Exports from India
2019: exports begin
Nov 26, 2019: The Times of India
Apple told the government that it will increase manufacturing and financial commitment in India, and has also started export of devices from the country. Shipments from Apple and other phone and component manufacturers are likely to see exports double to $3.2 billion this fiscal, IT and electronics minister Ravi Shankar Prasad said.
Prasad met officials from the iPhone maker who told him the company has started assembling XR device at the Chennai factory of Taiwanese contract-maker Foxconn.
Apple had initially begun local assembly in India in 2017 through Wistron, another Taiwanese maker, that has a factory in Bengaluru. Now, Foxconn is carrying out a major expansion for the company and cumulative investments in the project are pegged at nearly $1 billion, as reported by TOI in its September 17 editions.
“Apple’s growing engagement and the manufacturing of devices such as XR is a proud moment for India. Our focus on boosting electronics manufacturing, and the lower taxes of 15% for new manufacturing units, is a major factor that is aiding new investments,” Prasad said.
The minister said that much of the component exports from India are directed towards China.
