The Covid-19 pandemic has brought about significant changes globally, reshaping various aspects of our lives. While its immediate impact has diminished, it has left lasting effects on our routines. For instance, remote work, once uncommon, has now become a prevalent practice. I’m currently writing this from the comfort of my living room. However, these shifts have not solely influenced individuals’ behaviors.
China, the epicenter of the pandemic, also faced disruptions in its manufacturing sector. This prompted numerous companies to explore options for relocating their production to different nations to mitigate potential future challenges. Apple is among these companies and has made substantial investments in India. Recent reports suggest that Apple is inclined to intensify its efforts in the country.
As per a report by Moneycontrol, Apple is actively pursuing plans to expand its domestic component manufacturing operations in India. During a meeting with top officials from the finance ministry, Apple shared the particulars of its intentions. Discussions revolved around comprehending the supply chain dynamics and strategies for increasing the localization of the manufacturing process. Additionally, the broader growth prospects of the smartphone manufacturing sector within India were analyzed.
Despite the government not indicating a willingness to provide tax incentives, Apple remains enthusiastic about investing further in India. The company aims to accelerate the process of localizing production and augmenting the domestic component manufacturing infrastructure. This initiative is presumably part of Apple’s larger strategy to diversify its supply chains beyond its heavy dependence on China. The company has been striving to reduce its reliance on Chinese manufacturing partners in recent times.
Apple commenced iPhone manufacturing in India back in 2017. Presently, around 7% of its iPhones are produced in the country, a figure that is projected to rise in the forthcoming years.
