Apple may be on track to increase India’s local manufacturing revenue to nearly $40 billion over the next 5 years, as a result of the Government of India’s Production Linked Incentive scheme (PLI) for large scale electronics manufacturing.
Apple is looking to shift nearly a fifth or 20% of their production out of China and to bring them to India.
While India is not huge end-market for Apple’s smartphones (Apple’s market share in India is only 2-3%), schemes like PLI are causing Apple to look at India as a manufacture and export base.
The PLI scheme is expected to generate a revenue of nearly $100 billion in mobile phone exports by 2025.
The Government is also expecting application for the scheme from Samsung, Vivo and OPPO in the coming weeks.

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