Summary:

Apple's iPhone manufacturing in India surpassed the $10 billion mark in FY25 (April-October 2024). Taiwanese vendors Foxconn and Pegatron, along with Indian company Tata Electronics, are driving this growth. Tata plans to diversify and partner with major firms such as Microsoft and Dell, following Taiwan's Foxconn model. This development supports India's Make in India strategy, which aims to increase local value addition in electronics production.

The Indian government is poised to offer a $4.72 billion plan to boost domestic production of electronic components. The plan intends to reduce imports and improve local value addition to 35-40% over the next five years, with a long-term goal of 50%. India's electronics consumption is expected to increase significantly by FY30, but challenges remain in competing globally.

Source: IBEF 

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