Apple expanding local vendor network in India
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1 week ago 06:00:57am Television

Apple expanding local vendor network in India

New Delhi, 14-May-2024, By IBW Team

Apple expanding local vendor network in India

IT Minister Rajeev Chandrasekhar yesterday said that with the production-linked incentive (PLI) scheme now well in place, global tech giants like Apple are deepening their ecosystems by building a network of local vendors, thus lowering its dependence on China.

In a boost to the ‘Make in India’ initiative as well as ramping up exports from the country to the world, companies like Apple are strengthening their supply chains, thus creating lakhs of jobs, IANS reported.

“Prime Minister Narendra Modi’s visionary PLI scheme is scaling new heights every day and 25 percent of all iPhones are to be made in India by 2028,” Chandrasekhar posted on X social media platform.

He added that Apple is moving to deepen the ecosystem by building a network of local vendors.

“India is fast becoming a significant player in the global electronics and semiconductor value chains,” the minister noted.

A continuous thrust on local manufacturing will ensure that India pips China on most electronics exports faster than expected. Apple clocked strong double-digit growth in India in the March quarter this year.


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