Apple’s iPhone Exports from India Surge to INR 1.5 Lakh Cr, Exceeding Expectations**
In a remarkable achievement, Apple has significantly boosted its iPhone exports from India, surpassing the INR 1.5 Lakh Cr mark (~$17.32 Bn) in the financial year ending March 2025, as revealed by Union Minister Ashwini Vaishnaw. This development signifies a remarkable 76% year-on-year increase, doubling Apple’s pledged target under the production-linked incentive (PLI) scheme, according to a Business Standard report.
The tech giant’s successful foray into the Indian market was further highlighted as it crossed the INR 1 Lakh Cr milestone in iPhone exports during the calendar year 2024. Total shipments reached an impressive $12.8 Bn (approximately INR 1.08 Lakh Cr), solidifying Apple’s position as a key player in the Indian electronics manufacturing landscape.
This surge in iPhone exports is a testament to India’s growing importance as a strategic manufacturing hub for global tech companies. Apple’s success underscores the country’s potential as a pivotal player in the global supply chain.
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