Apple’s iPhone production in India has surged significantly, with $14 billion worth of smartphones manufactured in FY24, doubling the previous fiscal’s output. This translates to one in seven iPhones globally being assembled in India. Over 70% of this production has been exported to Europe, the US, and Asia. Foxconn Hon Hai and Pegatron in Tamil Nadu, along with Wistron (now owned by Tata Group) in Karnataka, have been key contributors. These vendors, part of India’s smartphone production-linked incentive (PLI) scheme, have surpassed investment targets, exemplifying the success of India’s manufacturing push in the tech sector.
This post was last modified on 11 April 2024 7:10 am
One of the infamous expenditures of the previous CM of Andhra Pradesh, YS Jagan was…
The civil aviation ministry came under severe contradiction and public questioning due to the recent…
The US visa processing is getting more tighter by the day. The H-1B visa applicants…
Icon star Allu Arjun is currently busy shooting for his new film, which is yet…
It has been barely a year and half since Jagan and his YCP got ousted…
Andhra Pradesh CM Chandrababu Naidu has been selected for the prestigious Business Reformer of the…