The PLI scheme is pivotal in attracting global tech giants like Apple to India, bolstering the country’s position as a key player in the worldwide electronics manufacturing ecosystem.
India’s iPhone production has hit a remarkable milestone, surpassing $10 billion (roughly Rs84,000 crore) in freight-on-board (FoB) value between April and October of FY25, according to IT Minister Ashwini Vaishnaw.
This was 37 percent more than the same period of FY24 and was mainly a result of the Production-Linked Incentive (PLI) scheme initiated by the Indian government. Many of these iPhones were exported from India, and some were sold there.
In an X (formerly Twitter) post, Vaishnaw pointed out the story by Business Insider that listed how Apple’s India manufacturing base has increased daily. If the total sales, distribution, marketing, and logistics expenses are included, the FoB production of $10 billion works out to approximately $15 billion or roughly Rs 1,00,000 crore. In this amount, iPhones worth about $7 billion (Rs 59,000 crore) were exported to other countries.
October was particularly important, with Apple raising $2 billion (Rs 16,000 crore) in production value in just 30 days- the first in the company’s Indian operations. Because of supportive government policies and expanded infrastructure, growth underscores Apple’s increasing dependence on India as a manufacturing hub.
