ENA Global 2024-11-11 18:01:51 <p><span style="font-size:14px"><strong>New Delhi, Nov 11 (KNN)</strong> In a bid to hedge against escalating US-China trade tensions, Apple Inc. may significantly boost its iPhone production in India, potentially reaching over USD 30 billion annually within the next two years, according to a report by The ET. </span></p> <p><span style="font-size:14px">This comes as former US President Donald Trump, now campaigning to re-enter office, reiterates his stance on imposing tariffs of up to 100 per cent on Chinese imports.</span></p> <p><span style="font-size:14px">Currently, Apples Indian production output is valued at about USD 15-16 billion each year. </span></p> <p><span style="font-size:14px">The proposed tariffs on Chinese goods could compel Apple to accelerate its manufacturing shift to India, which already accounts for around 12-14 per cent of the companys global iPhone production, primarily through partnerships with Foxconn, Pegatron, and Tata Electronics. </span></p> <p><span style="font-size:14px">Experts speculate this shift could create as many as 200,000 new jobs in India and elevate the countrys role to over 26 per cent of global iPhone production.</span></p> <p><span style="font-size:14px">This surge in production could deepen Indo-US economic relations, with the electronics sector&mdash;particularly Apples iPhone manufacturing&mdash;reaping substantial benefits. </span></p> <p><span style="font-size:14px">While the Indian electronics industry stands to gain, logistical challenges remain as India scales up for large-scale exports. Tata Groups forthcoming facility in Tamil Nadu, expected to employ 40,000 workers, is poised to play a critical role in meeting Apples expanded production targets, as the plant is set to begin operations within months.</span></p> <p><span style="font-size:14px">According to Neil Shah, Vice-President at Counterpoint Research, rising global demand for Apples high-end models, including the iPhone Pro series, could drive production growth further if Trumps tariffs materialise. </span></p> <p><span style="font-size:14px">Yet, experts caution that Apples ambitious goals hinge on Indias ability to overcome cost inefficiencies and policy ambiguities. </span></p> <p><span style="font-size:14px">The governments Production Linked Incentive (PLI) scheme has supported Apples initial shift, but sustained reforms will be vital to keep production from migrating to other attractive markets, such as Vietnam.</span></p> <p><span style="font-size:14px">As Apple continues its expansion, the move is seen as both a strategic response to geopolitical risks and a significant step toward establishing India as a major global manufacturing hub for premium electronics.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39875 https://knnindia.co.in/news/newsdetails/global/apple-eyes-major-iphone-production-boost-in-india-amid-potential-us-tariffs-on-china 2024-11-11 18:01:51 knnindia.co.in