Apple to Boost iPhone Production in India Under PLI Scheme

By Rahul Bhagat

Apple may shift more than 18% of its iPhone production to India by FY25, according to a Bank of America research report.

The government's production-linked incentive (PLI) scheme drives Apple's interest in manufacturing iPhones in India.

The PLI scheme has successfully boosted mobile phone production and exports in India.

Challenges remain in localizing specific components, but the PLI scheme has helped increase electronic exports.

Apple's major supplier, Foxconn, is working on expanding its manufacturing units in India.

Tata Group, Apple's newest partner in India, will manufacture the upcoming iPhone 15 series in India.