Indian government asks Apple to invest $50 billion in ‘Make in India’ goods

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Tech giant Apple has been approached by the central government of India to focus more on the ‘Make in India’ initiative. The center has proposed that the company will increase its annual production output by $50 billion over the next 5-6 years. Expanding production will include making ‘Made in India’ iPhones, MacBooks, iPads, Air Pods and watches.

According to a Times of India source, “There was a meeting with Apple executives recently, in which senior members of the government including a top minister were present.”

Additionally, the tech giant is also expanding its business in India to expand its presence by creating one million jobs across India. The company’s Vice President of Product Operations, Priya Balasubramaniam mentioned that Apple has been operating in India for more than two decades. It is worth noting that the tech giant started manufacturing iPhones in 2017 at a facility in Bengaluru.

“Since then, we have expanded with facilities here and in Chennai, manufacturing several iPhone models for the domestic market and exports. Along with our supply chain, we are looking to grow our operations, expand our reach and more. We are making significant investments in India to connect with local suppliers.”

The iPhone SE and iPhone 11, and iPhone 12 are the ones that were assembled in India. The Taiwanese trio of Apple’s top production partners, namely Foxconn, Wistron and Pegatron, have established their base in the country. Apple’s manufacturing in the country is still a minute compared to its global manufacturing.

“The enabling environment includes production-linked incentive (PLI) schemes to encourage companies to invest and increase manufacturing in India. In addition, capital subsidy schemes are being given, such as those allocated for kickstarting semiconductor manufacturing, where the government has extended support of $10 billion to those willing to invest,” said the source to TOI.

The Indian government’s post asking Apple to invest in $50 billion worth of ‘Make in India’ products first appeared on BGR India.

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