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New Delhi. There is good news for the government on the mobile export front. In fact, the presence of Indian-made iPhones in the American market is continuously increasing. Apple’s iPhone exports from India will almost double to US $ 12.1 billion in 2023-24. Giving this information on Tuesday, Trade Intelligence platform Trade Vision said that in the previous financial year this figure was 6.27 billion US dollars.
The total export of smartphones from India increased to 16.5 billion dollars in the financial year 2023-24, which was 12 billion US dollars in the previous financial year. Trade Vision said this growth reflects the broader impact of Apple’s growing presence, driving growth and innovation in the Indian manufacturing ecosystem.
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100 percent increase in iPhone exports
Apple’s iPhone exports from India increased from $ 6.27 billion in financial year 2022-23 to $ 12.1 billion in 2023-24, which shows a huge growth of almost 100 percent. Trade Vision LLC said that these figures show that India is now playing an important role in Apple’s global supply chain.
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PLI scheme to promote local manufacturing
Monica Oberoi, Vice President (Sales and Marketing), Trade Vision LLC, said, “Initiatives like the Production Linked Incentive (PLI) scheme of the Government of India have encouraged companies like Apple to invest in local manufacturing.”
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Tag: iPhone
first published : April 16, 2024, 10:15 pm IST
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