Apple has been manufacturing iPhones in India since 2017 at the Sriperumbudur factory on the outskirts of Chennai, Tamil Nadu. (Reuters/File)
According to analysts at JP Morgan, Apple will increase its local manufacturing capacity in India to produce 25% of all iPhones by 2025. The announcement could also be seen as Apple moving parts of its manufacturing process out of China
Union Minister of State for Electronics & Information technology Rajeev Chandrasekhar and Karnataka Chief Minister Basavaraj Bommai have announced that Apple iPhones will be manufactured at a new 300-acre factory in Karnataka. He said that this would provide employment to one lakh people.
Karnataka will be the second Indian state after Tamil Nadu to have an iPhone manufacturing unit.
Apple has been manufacturing iPhones in India since 2017. Taiwanese firm Foxconn, the main assembler of Apple’s iPhones, is manufacturing the smartphone at its Sriperumbudur factory on the outskirts of Chennai, Tamil Nadu.
According to analysts at JP Morgan, Apple will increase its local manufacturing capacity in India to produce 25% of all iPhones by 2025.
The announcement could also be seen as Apple moving parts of its manufacturing process out of China.
K Krishna Murthy, CEO and President of the India Electronics and Semiconductor Association (IESA), told News18 that the latest announcement shows that the Indian government is focused on encouraging the production of electronics in the country.
“The objective is to gain quick momentum in this sector to meet the growing domestic and global consumption. These landmark decisions by global conglomerates truly underline the goals and resolve of the government. The creation of 1 lakh jobs is also evident,” he said. Visually reflects the “spirit of Atmanirbhar Bharat”.
“IESA congratulates the Ministry of Electronics and IT, Honorable Chief Minister of Karnataka, Honorable Minister of Electronics and IT, Karnataka, and all the officers of the Department of Electronics, Government of Karnataka for doing this in the field of electronic manufacturing in the state. It is in action and business A true testament to policies changing,” he said.
IESA President Vivek Tyagi also echoed the sentiment and called it “a historic moment for electronics manufacturing in India and the state of Karnataka”.
Sagar Gupta, Director and CEO, Ekka said that this is a great achievement for the Government of Karnataka. “Industrial expansion is essential for employment generation and economic growth in our country. With the right policies and investment in infrastructure, we can create more jobs in manufacturing and encourage businesses to expand their operations.”
Gupta said the move would ensure that the new jobs created in the industry would have fair wages and that workers would be provided with the necessary skills and support.
“By promoting industrial expansion and job creation, we can build a better future for our country and our people. It is an investment in our future that will pay dividends for generations to come. This is another step towards Atmanirbhar Bharat and attracting global brands and companies, making India the best alternative to China,” he said.
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