India’s commerce minister said that the country wants to make 25% of all iPhones there.
India’s minister of commerce and industry, Piyush Goyal, called Apple “another success story” as he talked up the business skills of the fifth-largest economy in the world.
“Apple already makes about 5–7% of its products in India. “They want to make up to 25% of their products, if I’m not mistaken,” Goyal said at a conference.
A representative from Apple didn’t want to say anything.
Apple began putting together its top-of-the-line iPhone 14 in India last year. It was the first time that the Cupertino, California-based tech giant made its newest model in India so close to when it came out. Since 2017, Apple has been making iPhones in India, but most of these were older models.
Apple’s iPhones are mostly put together by the Taiwanese company Foxconn. The phones are made at its Sriperumbudur factory on the outskirts of Chennai in eastern India.
In a note from September, analysts at JPMorgan said that by 2025, 25% of all iPhones could be made in India.
Apple has been trying to make less of its iPhones in China, where it makes most of them right now. Last year, a Covid outbreak and worker protests at the world’s largest iPhone factory in Zhengzhou, China, which is also run by Foxconn, stopped production. This showed how fragile China is.
Apple only has a 5% share of the smartphone market in India, but CEO Tim Cook has long seen India as a place where the company could grow.