According to rajkotupdates.news:apple-iphone-exports-from-india-doubled-between-april-and-august. It has been found that in the coming months from April to August, iPhone exports are going to be doubled. The data of the Directorate General of Commercial Intelligence and Statistics shows that Apple exported around $1.5 billion worth of iPhones from India in this period only. Therefore, this is the ratio that has heightened up from $761 million in the same period last year.
This coming increase in the exports of iPhone from India is all because of its efforts Apple to diversify its supply chain and reduce its reliance on China- the primary manufacturing hub of the company for many years. Keepinga number of things and risks associated with manufacturing in a single country in mind the Apple company has decided to shift to other countries like India, Vietnam, and Mexico. Hence, this is also a reason why iPhone exports from India will be doubled this year.
Probing further, you would feel good to know that India was always the focus for Apple and the company has been working very hard and good for establishing a significant presence in the country. The government of India has always made numerous efforts by supporting the efforts of Apple. So, this is all due to which the company has been able to take advantage of various incentives and policies that aim to attract foreign investments.
One of the key reasons, why Apple exports from India have increased is here. The local production of the iPhone SE in 2020 in the country has helped a lot in doubling exports. The company has begun manufacturing this model in 2020 from its facility in Bengaluru last year, and the company is ramping up production since then only. Just because of this local production, the iPhones are well-received by consumers, and this product has definitely helped a lot in driving sales of Apple in the country.
The most important news to be known by the consumers of Apple is that the company has always been investing in its retail presence in India and the company has opened up its first retail store in the country last year. This store is located in Mumbai (The Metropolitan City of India) and is the largest iPhone store in India. However, the delightful news is that the company is thinking to open many new manufacturing stores in India in the coming years.
Overall, it can be said that the growth of Apple iPhone exports from India has been a positive development for the company as it allows them to diversify its supply chain and reduce its reliance on China. This development is not only positive for the company but is also good for India because it is going to create more jobs and would drive economic growth in the country. Hence, this is why the development is considered positive.
Ergo, to know more about the growth and production of iPhone exports from India, let us know.