At a trade conference held a few days ago, Indian Minister of Commerce and Industry Piyush Goyal revealed that iPhones assembled in India now account for about 5% to 7% of global shipments. He confirmed at the meeting that Apple will increase the target of producing iPhones in India to 25% of global shipments means that the current production capacity in China will be greatly reduced, but Goyal did not mention the implementation timetable.
This is not the first time that Apple has shifted part of its iPhone production capacity from China to India. In mid-September last year, analysts from the financial institution JPMorgan wrote that Apple plans to arrange 25% of global iPhone shipments in India in 2025. At that time, it was reported that Foxconn, the Apple OEM, planned to actively cooperate and will greatly expand their production lines outside Chennai, India.
This time, Indian Minister of Commerce and Industry Piyush Goyal not only publicly confirmed Apple’s arrangement, but also heralded to be another success story for the local economy. Some foreign media pointed out that Apple shifted production capacity from China to India and other countries due to tensions between China and the United States and geopolitics.
Last year, restrictions such as the closure of the epidemic also brought instability to the supply chain and production lines. Earlier CNBC reported that Apple was negotiating with the Indian government to consider transferring some of its iPad production capacity to India.