Apple, Samsung extend $5-bn boost to local mfg
World’s most valuable company ramping up production of iPhones, iPads, Macs in India and Vietnam to end its dependence on China
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Hitting PLI targets
- Foxconn and Wistron will avail PLI incentives for the first time this yr
- Pegatron is likely to commence operations in India this year
- Indian players like Lava, Padget Electronics (Dixon) and UTL appear to be cracking the thresholds
- Extension of PLI scheme for large-scale electronics mfg aiding these cos
- iPhones exported to countries UK (27 per cent), Japan (24 per cent), Netherlands (23 per cent), Germany (7 per cent)
- Apple is ramping up production of iPhones, iPads, Macs in India and Vietnam to end its dependence on China
New Delhi: As India renews its thrust on local manufacturing of electronics under the production-linked incentive scheme (PLI) with Union Budget 2022-23 around the corner, Apple and Samsung alone are expected to manufacture/assemble smartphones worth around $5 billion (nearly Rs 37,000 crore) in the financial year 2021-22.
The two giants are set to surpass the PLI targets set by the government by over 50 per cent, according to industry experts. "The leading global value chains (GVC) firms have got off to a blazing start. Besides Pegatron and Bharat FIH which are now gearing up, the big three -- Wistron, Pegatron and Samsung -- will achieve significant production of $5 billion in 2022," Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), told IANS.
Apple's contract manufacturers in India -- Foxconn and Wistron -- will avail the PLI incentives for the first time this year. The iPhone maker's second biggest global manufacturer Pegatron is likely to commence operations in India this year. Samsung, which has the world's largest mobile handset manufacturing factory in Noida, Uttar Pradesh, will avail the incentives under the scheme for the second year.
