HomeUncategorizedApple targets 25% Indian production share, government official reveals

Apple targets 25% Indian production share, government official reveals

UncategorizedJanuary 23, 2023
1 min read
[ad_1]\r\n\n\nApple is targeting to shift 25% of its production to India, revealed the trade minister of the Asian country. During a trade conference, Piyush Goyal said about 5-7%
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Apple is targeting to shift 25% of its production to India, revealed the trade minister of the Asian country. During a trade conference, Piyush Goyal said about 5-7% of Apple products are currently being made in India, and the goal is for this number to increase five times.

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The official did not provide any timeline, and Apple did not comment on the statement.

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This isn’t the first time we hear of such a shift. Previously analysts predicted that 25% of iPhone production will move to India by 2025, and Foxconn is reportedly increasing its workforce in the factory just outside the city of Chennai.

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The major reason Apple is moving away from China and Foxconn diversifying its production across multiple factories are the uncertainties around COVID-19 lockdowns and restrictions and the geopolitical tensions between Beijing and Washington.

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