Apple plans a fivefold increase in India’s production capacity by 2028

Apple currently manufactures iPhones in India and intends to commence production of AirPods in the coming year

September 26, 2023

In FY23, the tech giant achieved production worth more than US$ 7 billion in the country

The company plans to reach a production capacity of US$ 40 billion by 2028

Apple launched its India-manufactured iPhone 15 this month

India is actively pursuing the expansion of its electronics industry, with aspirations to reach US$ 300 billion by 2026

Apple Inc. has outlined ambitious plans to increase its production in India by over fivefold within the next five years, according to media reports. 

In FY23, the tech giant achieved production worth more than US$ 7 billion in the country, to reach US$ 40 billion by 2028, as per the reports. 

Apple currently manufactures iPhones in India and intends to commence production of AirPods in the coming year. Notably, the Cupertino-based company marked a significant milestone by launching its India-manufactured iPhone 15 this month, coinciding with its global release.

In parallel, India is actively pursuing the expansion of its electronics industry, with aspirations to reach US$ 300 billion by 2026. This growth is expected to be driven by increased smartphone production and a global effort to diversify supply chains away from China. 

Source: Financial Express

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