- India ranks as the world’s second-largest mobile manufacturing nation, fueled by the growth of the Apple ecosystem.
- Over 1.5 lakh individuals are employed within the Apple ecosystem in India, contributing significantly to job creation.
- Apple’s intensified investment efforts in India signal a strategic shift away from China, aligning with the country’s vision to become a global manufacturing hub.
In India’s mobile manufacturing landscape, the Apple ecosystem stands out as a key driver of employment, aligning with the government’s vision to boost domestic production. Minister Ashwini Vaishnaw emphasized the significant role played by Apple, with over 1.5 lakh individuals employed within its ecosystem. This growth trajectory is expected to continue, fueled by faith in Prime Minister Narendra Modi’s vision for India’s industrial expansion.
Apple’s commitment is further underscored by its intensified investment efforts, including discussions with major conglomerates for sub-component assembly. With plans to manufacture over 50 million iPhones annually in India, Apple’s strategic shift away from China aligns with the country’s rising prominence in the global manufacturing landscape. The sector’s robust performance is evidenced by the fiscal year 2024, which witnessed iPhone production exceeding Rs 1 lakh crore, with a majority earmarked for exports. As India emerges as a mobile manufacturing powerhouse, the Apple ecosystem continues to play a pivotal role in driving job creation and economic growth.
