According to a report, Apple plans to increase domestic component manufacturing in India

Apple, the firm that makes iPhones, is presently examining detailed plans to increase its domestic component production in India. During a meeting with top finance ministry officials, the internet giant revealed the plan’s specifics, a senior government official was reported as saying by Moneycontrol.

In July, there was a meeting when Apple gave a presentation. They intended to inform the authorities of their intentions. Apple is aggressively considering ways to broaden its use of homegrown components. The meeting’s main goals were increased indigenization and improved supply chain knowledge. The source said that the overall development of the smartphone manufacturing sector was also examined.

The administration is not open to any tax incentives, the source further said to the magazine. Senior business representatives met with the finance ministry last month and gave a presentation on the firm’s existing production, supply chains, exports, and involvement in India’s electronics industry, he said.

The meeting occurred at a time when Apple is placing its faith in India to emerge as a significant manufacturing center in order to expand its production capabilities outside of China.

“Apple wants to localize more quickly. The insider was reported by Moneycontrol as adding, “They are keen to develop the local component manufacturing base in India and are aggressively looking at it.

Given that a significant portion of Apple’s suppliers are headquartered in China, the move is probably a part of the company’s attempts to diversify its supply chain outside China.

For the local manufacturing of iPhone units, the business has so far depended on contract manufacturers like Foxconn, Wistron, and Pegatron. The companies Foxlink, Flex, Salcomp, Avary, Sunwoda, and Jabil are a part of their network of component suppliers and support the production of iPhones.

According to estimates from industry insiders, Apple exported iPhones worth $5–$5.5 billion from India in FY23, making up close to half of the nation’s exports of mobile phones.