Apple CEO Tim Cook met with State Minister of Electronics and IT Rajeev Chandrasekhar on Wednesday and discussed how to further boost local manufacturing and iPhone exports.
Apple recorded a record over $5 billion in iPhone exports from India in FY23.
“It was a pleasure to meet @tim_cook CEO, @Apple and his team to join Apple’s strategic and long-standing partnership with and in India’s digital journey,” the minister said in a tweet.
“We discussed deepening and broadening manufacturing, exporting, educating youth, expanding an innovation economy and creating jobs,” added Chandrasekhar.
Mobile phone exports rose 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 mobile phone performance-based incentive scheme (PLI) serves as an inspiration for other electronic segments to emulate this success in increasing production and exports.
According to Chandrashekhar, the Apple ecosystem in India has generated more than a lakh of new direct manufacturing jobs over the past two years.
“About 70 percent of these are 19- to 24-year-old women, who are starting their careers, acquiring skills and improving the lives of their families,” he added.
Apple began manufacturing iPhones in India in 2017, and since then has been working with suppliers to assemble new iPhone models and produce a growing number of components.
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(This story has not been edited by News18 staff and was published from a syndicated news agency feed)