Apple CEO Tim Cook on Wednesday met Union Minister of State for Electronics and IT Rajiv Chandrasekhar and discussed ways to further boost local manufacturing and iPhone exports.
Apple records over $5 billion in iPhone exports from India in FY23.
“It was a pleasure meeting @tim_cook CEO, @Apple and his team to engage in India’s digital journey and Apple’s strategic and long-term partnership with it,” the minister said in a tweet.
“We discussed manufacturing, exports, skill development of youth, expansion of apps and deepening and widening innovation economy and job creation,” Chandrasekhar said.
Mobile phone exports increased from Rs 45,000 crore in FY22 to Rs 90,000 crore in FY23, surpassing the previous estimate of Rs 75,000 crore.
The excellent performance of the Performance Linked Incentive (PLI) scheme for mobile phones serves as an inspiration for other electronic segments to emulate this success in increasing manufacturing and exports.
According to Chandrasekhar, the Apple ecosystem in India has created over one lakh new direct jobs in the manufacturing sector in the last two years.
“About 70 per cent of these are women aged 19-24, who are starting their careers, acquiring skills and improving livelihoods for their families,” she added.
Apple began manufacturing the iPhone in India in 2017, and since then, the company has worked with suppliers to assemble new iPhone models and produce an increasing number of components.
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