India wants Apple’s iPhone supply chain
Apple’s iPhone manufacturing partners seem set to benefit from a large chunk of newly-available funding from India’s government in order to help them relocate production capacity there, local reports claim.
India wants Apple’s iPhone supply chain
TaiPei Times says major Apple assemblers are among the short list of names who will get a slice of the $6.6 billion Production Linked Initiative (PLI) stimulus scheme to bring manufacturing to India.
That report claims the Indian government is particularly keen on summoning c$150b value in mobile phone manufacturing over the next five years. It is worth observing that around two-thirds of the PLI scheme is targeted at the export market.
Apple partners who’ve made the list include Foxconn, Wistron and Pegatron, who between them make all the iPhones.
Samsung is the only other applicant for the five slots allotted to foreign firms.
‘The new China’
“It’s a thoughtful move by the government aimed at wooing Apple to bring significant iPhone manufacturing to India because, when the iPhone maker shifts, an entire ecosystem follows,” Hari Om Rai, chairman and founder of Lava International Ltd, India’s largest phone maker said, as reported by Taipei Times.
“The next five years will be dramatic, and India could become the new China in phone manufacturing.”
The electronics manufacturing industry currently provides employment for over 20,00,000 people in India, of which mobile manufacturing alone accounts for over 6,00,000 jobs.
There’s much more in the original report.
Please follow me on Twitter, or join me in the AppleHolic’s bar & grill and Apple Discussions groups on MeWe.
