Apple wants to manufacture 25% of its iPhones in India, minister says - CNBC

Apple is looking to manufacture 25% of each of its iPhones successful India, the country's commerce curate said Monday.

Piyush Goyal, India's curate of commerce and industry, called Apple "another occurrence story" arsenic helium talked up the concern credentials of the world's fifth-largest economy.

"They're [Apple] already astatine astir 5-7% of their manufacturing successful India. If I americium not mistaken, they are targeting to spell up to 25% of their manufacturing," Goyal said astatine a conference.

Apple did not reply to a petition for remark erstwhile contacted by CNBC.

Last year, Apple began assembling its flagship iPhone 14 successful India. It was the archetypal clip the tech giant, based successful Cupertino, California, produced its latest exemplary successful India truthful adjacent to its launch. Apple has been manufacturing iPhones successful India since 2017, but these were usually older models.

Taiwanese steadfast Foxconn, the main assembler of Apple's iPhones, is manufacturing the smartphones astatine its Sriperumbudur mill connected the outskirts of Chennai successful eastbound India.

JPMorgan analysts said successful a enactment from September that Apple could marque 25% of each iPhones globally successful India by 2025.

Apple has been looking to diversify accumulation distant from China, wherever it presently makes the bulk of its iPhones. Fragilities successful China were exposed past twelvemonth aft a Covid outbreak and worker protests astatine the world's largest iPhone mill successful Zhengzhou, China, which is besides tally by Foxconn, disrupted production.

Last year, CNBC reported that India is exploring bringing immoderate of Apple's iPad accumulation to the state from China.

Apple has conscionable a 5% marketplace stock successful India's smartphone market, but CEO Tim Cook has long-seen India arsenic a imaginable country for growth.