Apple CEO Tim Cook on Wednesday met Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, and mentioned methods to additional enhance native manufacturing and iPhone exports.
Apple logged a report over $5 billion in iPhone exports from India in FY23.
“It was a delight to meet @tim_cook CEO, @Apple and his team to engage on Apple’s strategic and long-term partnership with and in India’s digital journey,” the minister stated in a tweet.
“We discussed deepening and broadening manufacturing, exports, skilling of youth, expanding app an innovation economy and job creation,” Chandrasekhar added.
Mobile cellphone exports rose from Rs 45,000 crore in FY22 to Rs 90,000 crore in FY23, surpassing the earlier estimate of Rs 75,000 crore.
The excellent efficiency of the performance-linked incentive (PLI) scheme for cellphones serves as an inspiration for different digital segments to emulate this success in growing manufacturing and exports.
The Apple ecosystem in India has generated over one lakh new direct jobs in manufacturing within the final two years, in keeping with Chandrashekhar.
“About 70 per cent of these are 19-24 year old women, who are starting their careers, acquiring skills and improving the ease of living for their families,” he added.
Apple started manufacturing iPhones in India in 2017, and since then, the corporate has labored with suppliers to assemble new iPhone fashions and produce a rising variety of elements.
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