Speaking at a conference he said that Apple wanted India to account for up to 25 per cent of its production from a current level of 5-7 per cent.
While Apple hasn’t confirmed any plans it wouldn’t be a surprise as the iPhone maker continues to move its manufacturing away from China. In fact, Apple launched their most recent models from India, where they’d been manufactured.
Apple has moved into India in a big way since it began iPhone assembly in the country in 2017 using local contract manufacturers including Foxconn, and that has coincided with the Indian government's push for local manufacturing. In fact, Apple’s exports from India hit $1bn in December.
According to Reuters, Foxconn plans to quadruple the workforce at its iPhone factory in India over the next two years.
Ongoing problems in China, whether Covid-related lockdowns, as well as trade and political tensions have all played a part as Apple looks to move production elsewhere.
J.P.Morgan has estimated that a quarter of all Apple products could be made outside China by 2025, and it looks like India could be the biggest beneficiary of such a move.
