Piyush Goyal, India's minister of commerce and industry, called Apple 'another success story' as he talked up the business credentials of the world's fifth-largest economy.
Apple is targeting manufacturing 25% of all of its iPhones in India, Piyush Goyal, the country's commerce and industry minister said, up from between 5%-7% currently.
Last year, Apple began assembling its flagship iPhone 14 in India. It was the first time Apple produced its latest model in India so close to its launch. Apple has been looking to diversify production away from China, where it currently makes the bulk of its iPhones, after a Covid outbreak at its main assembly plant exposed fragilities in its supply chain.is looking to manufacture 25% of all of its iPhones in India, the country's commerce minister said Monday.
Piyush Goyal, India's minister of commerce and industry, called Apple"another success story" as he talked up the business credentials of the world's fifth-largest economy. "They're [Apple] already at about 5-7% of their manufacturing in India. If I am not mistaken, they are targeting to go up to 25% of their manufacturing," Goyal said at a conference.Sign up for NECN newsletters.Last year, Apple began assembling its flagship iPhone 14 in India. It was the first time the tech giant, based in Cupertino, California, produced its latest model in India so close to its launch.
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