New Delhi: Day after its global unveiling, Apple is all set to begin manufacturing its latest iPhone 14 models in India. As per reports, the locally produced models are likely to make their way into markets later this year. However, the manufacturing location is yet to be disclosed.
Apple in its statement to ANI said, “The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be manufacturing iPhone 14 in India.”
According to reports, in India, the US tech giant is partnering with the top 3 global smartphone manufacturers -Wistron, Foxconn, and Pegatron
Apple unveiled its highly anticipated iPhone 14 and the iPhone 14 Plus variant during its ‘Far Out’ event on September 7.
Apple In India
Apple started manufacturing iPhones in India, in 2017. The Production Linked Incentive (PLI) scheme by the Central government attracted several gadget makers, including Apple, to set shop in the country.
The Centre offers a PLI to boost domestic manufacturing and attract significant investments in mobile phone manufacturing and specified electronic components, including Assembly, Testing, Marking, and Packaging (ATMP) units. The Scheme is expected to tremendously boost the electronics manufacturing landscape and establish India at the global level in the electronics sector.
The overall financial outlay for the PLI scheme for large-scale electronics manufacturing is pegged at Rs 38,601 crore over five years. Of the total Rs, 2.4 lakh crore worth of incentives over the next five years, the lion’s share is likely to be provided to electronics, auto components, and pharma makers.
The government had launched Production Linked Incentive (PLI) schemes in 14 sectors which will make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency on imports.