Rajkotupdates.news:apple-iphone-exports-from-india-doubled-between-april-and-august

Yes, that's correct. In fact, Apple's exports of iPhones from India reached more than $2.5 billion from April to December 2021, almost twice the previous fiscal year's total. The exports come despite India producing just a small fraction of iPhone output, and mark progress for Prime Minister Narendra Modi's $6 billion incentive push to make India a force in electronics manufacturing. Foxconn Technology Group and Wistron have each shipped more than $1 billion of Apple's devices abroad in the first nine months of the current fiscal year, while Pegatron is on track to move about $500 million overseas by the end of January.

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Apple's iPhone exports from India have been on the rise since the beginning of fiscal year 2021-2022. According to recent reports, iPhone exports from India between April and August 2021 have doubled compared to the same period last year. This marks a significant milestone in India's quest to become a leading player in the electronics manufacturing industry.

Prime Minister Narendra Modi's $6 billion incentive plan to boost local manufacturing in India has been a key driver behind the recent surge in iPhone exports from the country. Foxconn Technology Group, Wistron, and Pegatron are among the major players that have set up iPhone manufacturing plants in India, and their efforts are paying off. In the first nine months of the current fiscal year, Foxconn and Wistron have each shipped more than $1 billion worth of Apple's devices abroad, while Pegatron is expected to move about $500 million overseas by the end of January.

The success of India's manufacturing push is evident in the increasing demand for locally manufactured iPhones. iPhone exports from India in the April to September period surpassed US$1 billion, and this figure is expected to reach US$2.5 billion by the end of the fiscal year in March 2022. According to Bloomberg's sources, shipments of India-made iPhones to Europe and the Middle East are set to reach $2.5 billion by March 2023, signalling the growing popularity of Indian-made electronics in international markets.

Apple's decision to diversify its production away from China is another factor that has contributed to the growth of iPhone exports from India. The company has reduced the delay between its Indian and Chinese output, and this has helped to boost the efficiency of its Indian operational. However, it will take up to eight years for Apple to move just 10% of its production capacity out of China, indicating the challenges that lie ahead for India's manufacturing industry.

In conclusion, the doubling of Apple's iPhone exports from India between April and August 2021 is a testament to the success of Prime Minister Narendra Modi's manufacturing push and Apple's efforts to diversify its production. With the increasing demand for Indian-made electronics in international markets, India's electronics manufacturing industry is poised for further growth and development in the coming years.

1. Apple Inc.'s iPhone exports from India crossed $1 billion in the five months since April.

2. In the 12 months through March 2023, outbound shipments of India-made iPhones estimated to reach $2.5 billion.

3. Apple's move into India has been facilitated in part by a $6 billion incentive plan brokered by Prime Minister Narendra Modi.

4. Apple Inc. exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year's total.

5. The bulk of India's iPhone exports go mainly to Europe and the Middle East.

6. Apple is seeking to spread its manufacturing beyond China as the country imposes lockdowns amid the COVID-19 pandemic and trade tensions with the US escalate.