Apple has been manufacturing iPhones in India since 2017 at a Sriperumbudur factory on the outskirts of Chennai, Tamil Nadu. (Reuters/File)
According to JP Morgan analysts, Apple will increase its local manufacturing capacity in India to produce 25% of all iPhones by 2025. The announcement can also be seen as Apple moving parts of its manufacturing process out of China.
Union Minister for Electronics and Information Technology Rajeev Chandrasekhar and Karnataka Chief Minister Basavaraj Bommai announced that Apple iPhones will be manufactured at a new 300 acre factory in Karnataka. There will be 1 lakh people employed, they said.
Karnataka would be the second Indian second state after Tamil Nadu to have an iPhone manufacturing unit.
Apple has been manufacturing iPhones in India since 2017. Taiwanese company Foxconn, the main assembler of Apple’s iPhones, produces the smartphones at its Sriperumbudur factory on the outskirts of Chennai, Tamil Nadu.
According to JP Morgan analysts, Apple will increase its local manufacturing capacity in India to produce 25% of all iPhones by 2025.
The announcement can also be seen as Apple moving parts of its manufacturing process out of China.
K Krishna Moorthy, CEO and chairman of the India Electronics and Semiconductor Association (IESA), told News18 that the latest announcement shows that the government of India is focused on boosting the country’s electronics production.
“The aim is to build an accelerated pace in this sector to meet growing domestic and global consumption. These landmark decisions by global conglomerates really underscore the government’s goals and determination,” he said. He added that the generation of 1 lakh jobs also clearly demonstrates “the spirit of Atmanirbhar Bharat”.
“IESA congratulates Ministry of Electronics & IT, Hon’ble CM of Karnataka, Hon’ble Electronics & IT Minister of Karnataka, and all the officials of Dept of Electronics, Government of Karnataka for making this happen in the field of electronics manufacturing in the state. This is a real testimony of policy translated into action and business,” he added.
Vivek Tyagi, chairman of IESA, also echoed the sentiment, calling it “a milestone for electronics manufacturing in India and Karnataka state”.
Sagar Gupta, director and CEO of Ekkaa said it is a breakthrough for the Karnataka government. “Industrial expansion is essential for job creation and economic growth in our country. With the right policies and investments in infrastructure, we can create more jobs in the manufacturing sector and encourage companies to expand their operations,” he said.
Gupta added that the move will ensure that new jobs created in the industry are paid fair wages and that workers are given the necessary skills and support.
“By promoting industrial expansion and job creation, we can build a better future for our country and our people. It is an investment in our future that will pay off for generations to come. This is another step towards Atmanirbhar Bharat and attracting global brands and companies, making India their best alternative to China,” he noted.
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