Apple iPhone 16 will be made in India, Apple and 3 associate companies applied for land

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As Apple plans to manufacture the new iPhone 16 in India, the tech giant has applied to the Yamuna Authority for land along with three associated companies. The companies have proposed to set up units on about 23 acres of land with an investment of about Rs 2,800 crore. In a meeting held in Korea, Apple proposed to invest together with related companies.

Ink maker Seiko Advance Limited has expressed its desire to manufacture its product on 5 acres of land in Sector 29 of the Yamuna Expressway Industrial Development Authority (YEIDA). The company will invest Rs 850 crore and provide employment to thousands of people.

YEIDA CEO Dr. Arun Vir Singh said that Apple and related companies will be provided land in Sector 29, which is well developed with many amenities available. He said the companies would be able to start production after construction and they have deposited 10 per cent of the amount.

JP Morgan analysts said earlier this year that Apple plans to manufacture a quarter of its iPhones in India by 2025. Vietnam, on the other hand, will handle 20 percent of all iPad and Apple Watch production, 5 percent of MacBook production, and 65 percent. The percentage of production of AirPods by 2025.

Another report by Apple analyst Ming Chi Kuo states that the tech giant is looking to ship 40-45 percent of iPhones from India, compared to the single-digit percentage at present.

iPhone 14 Pro supplies have been heavily impacted due to disruptions at Foxconn’s primary plant in China due to Covid-19 restrictions. Apple said last month, “We are working closely with our suppliers to return to normal production levels while ensuring the health and safety of every employee.” This means that it will be difficult for interested buyers to get hold of the iPhone 14 Pro, which is already in short supply at the moment.

With inputs from IANS.

The post Apple and 3 associate companies apply for land after Apple iPhone 16 is made in India appeared first on BGR India.



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