By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Global Headline TodayGlobal Headline TodayGlobal Headline Today
  • Latest
  • World
  • Business
  • Economy
  • Tech
  • Automobile
  • Health
  • Travel
  • Sports
  • Entertainment
Reading: Apple Leveraging India’s Manufacturing Ability in Auto and Aerospace
Share
Notification Show More
Font ResizerAa
Global Headline TodayGlobal Headline Today
Font ResizerAa
  • Latest
  • World
  • Business
  • Economy
  • Tech
  • Automobile
  • Health
  • Travel
  • Sports
  • Entertainment
  • Latest
  • World
  • Business
  • Economy
  • Tech
  • Automobile
  • Health
  • Travel
  • Sports
  • Entertainment
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Global Headline Today > Blog > Business > Apple Leveraging India’s Manufacturing Ability in Auto and Aerospace
BusinessAutomobileLatestTechWorld

Apple Leveraging India’s Manufacturing Ability in Auto and Aerospace

vishal
Last updated: 2023/12/11 at 11:43 PM
vishal 2 years ago
Share
Apple
SHARE

Apple Inc., the American multinational technology company known for its innovative products like the iPhone, iPad, MacBook, Apple Watch and Apple TV is making significant strides in expanding its manufacturing footprint in India. This move is part of a broader strategy to diversify its global supply chain and reduce its reliance on China amid ongoing geopolitical tensions and trade uncertainties.

Contents
Apple’s Manufacturing Expansion in IndiaContract ManufacturersLocal Sourcing and PLI SchemeGlobal Suppliers and New EntrantsAuto Parts Manufacturing HubStrategic ImplicationsConclusion

Apple’s Manufacturing Expansion in India

India, with its vast market potential and favorable government policies, presents an attractive destination for Apple’s manufacturing diversification. The Indian government has been actively promoting the ‘Make in India’ initiative, which aims to transform the country into a global manufacturing hub. Apple’s decision to tap into the Indian auto and aerospace parts makers aligns perfectly with this vision.

Contract Manufacturers

Major contract manufacturers like Foxconn, Wistron, and Pegatron have already established their presence in India, primarily in Tamil Nadu, a powerhouse region contributing 20% of the country’s national electronics and hardware production. These contract manufacturers play a crucial role in assembling Apple’s flagship products, including iPhones, which have seen an increasing local production over the years.

Local Sourcing and PLI Scheme

To further deepen its manufacturing capabilities, Apple is also ramping up the local sourcing of components for its devices. The company is exploring collaborations with Indian companies, both new and established, in the handset component space. This initiative is supported by the Indian government’s Production-Linked Incentive (PLI) scheme, offering incentives worth ₹2,000 crore over five years to boost electronic component manufacturing within the country.

The PLI scheme acts as a game-changer for Apple and its suppliers, encouraging them to set up or expand their operations in India. It not only benefits Apple by providing cost-effective sourcing options but also contributes to the growth of the Indian electronics industry.

Global Suppliers and New Entrants

Several global suppliers to Apple’s contract manufacturers are also in talks with the Indian government to participate in the PLI scheme. This includes companies specializing in printed circuit boards (PCBs), iphone, iPads, AirPods, iwatch and MacBooks manufacturing. Their entry into the Indian market signifies a substantial investment in the local ecosystem and a commitment to long-term growth.

Auto Parts Manufacturing Hub

Furthermore, India’s auto component industry is poised to play a crucial role in Apple’s localization strategy. The country boasts leading auto parts makers which are exploring opportunities to diversify their offerings to cater to the aerospace and defense sectors. By leveraging their expertise in precision manufacturing, these companies can provide high-quality components that meet Apple’s stringent standards.

Strategic Implications

Apple’s decision to engage with Indian auto and aerospace parts makers is strategically sound. It allows the company to benefit from India’s skilled workforce, competitive costs, and supportive government policies. Moreover, it helps Apple mitigate risks associated with over-reliance on a single country for its supply chain.

This expansion also has significant implications for India’s economy. It has the potential to create jobs, transfer technology, and boost the manufacturing sector overall. As Apple’s partners establish their operations in India, they bring advanced technologies and best practices that can elevate the country’s manufacturing capabilities.

Conclusion

In conclusion, Apple’s decision to engage with Indian auto and aerospace parts makers is a testament to the company’s confidence in India’s manufacturing prowess. It reflects a strategic shift towards a more resilient and diversified supply chain. As Apple continues to deepen its roots in India, it not only strengthens its own position but also contributes to the growth and development of the Indian economy.

Apple’s journey in India is just beginning, and the future looks promising for both the tech giant and the country. With continued support from the government and a commitment to quality and innovation, Apple’s foray into the Indian manufacturing landscape is set to redefine the industry and pave the way for a new era of technological advancement.

Read also : YouTube Introduces Experimental AI-Powered Chatbot and Comment Summarisation for Enhanced User Engagement.

You Might Also Like

Revolutionizing Agriculture with Artificial Intelligence

Tesla is launching its Robotaxi service in Austin US

How to Make Your First Million in Just 12 Months through Internet

Emma Raducanu’s Comeback Tour: Queen’s Glory, Mental Fortitude & a Shot at Wimbledon Redemption

Reddit and OpenAI Partnership Sparks Stock Investor Excitement

TAGGED: #AppleDiversification, #AppleManufacturingIndia, #AppleTechEcosystem, #ElectronicsPLIScheme, #GlobalTechExpansion, #IndiaAutoComponents, #IndiaElectronicsGrowth, #InnovationHubIndia, #MakeInIndia, #TechSupplyChain
Share This Article
Facebook Twitter Email Print
Previous Article Tata Power Share Tata Power Share: This share of Tata has gone ahead of estimates, even today the stormy rise is beyond 300, business is excellent
Next Article Salaar Salaar Part 1 Update: After Animal, now Prabhas’s Salar gets ‘A’ certificate from censor, the film is full of tremendous action scenes.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

© Global Headline Today
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Term’s & Condition’s
  • Fact-Checking Policy
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?