Apple to Shift Quarter of iPhone Production to India
Tata Group to Build One of India's Largest iPhone Assembly Plants as Part of Apple's Supply Chain Diversification Strategy
- Apple plans to shift a quarter of its iPhone production to India within the next two to three years, producing more than 50 million phones annually.
- Indian conglomerate Tata Group plans to build one of India's largest iPhone assembly plants in Hosur, Tamil Nadu, aiming to employ 50,000 workers within two years.
- Apple's expansion in India is part of its strategy to diversify its supply chain and reduce reliance on China, amidst ongoing geopolitical tensions between the US and China.
- Apple's ambitious goal is supported by its top suppliers, including Taiwan's Foxconn, which is set to open a new plant in Karnataka in April.
- Apple's move aligns with Indian Prime Minister Narendra Modi's production-linked incentives, prompting major Apple suppliers to expand their operations in India.