Apple becomes top mobile exporter in India

Apple has become the top mobile exporter in India with exports worth $1 billion in the month of December. The figures indicate a major boost to the government’s ‘Make-In-India’ campaign. Last week, the Union government gave a nod to over a dozen companies from China to set up Apple phone manufacturing plants in the country. 

Apple India

Photo Source: Pexels

New Delhi, Jan 23: California-based tech giant Apple overtook Samsung to become the top mobile phone exporter in India as of December 2022. On Monday, it was reported that Apple is first such company from India to export smartphones worth $1 billion (₹8,100 crore) in a month.

According to media reports, December was also a record month for the industry with mobile phone exports of over ₹10,000 crore. As per government estimates, India is likely to export mobile phones worth USD 9 billion in the Financial Year 2022-23 (FY23), up from USD 5.8 billion in FY22.

Apple has three contract manufacturers in India, namely Foxconn Hon Hai, Pegatron, and Wistron, who are participants in the government’s smartphone production linked incentive (PLI) scheme. The flagship program was launched in April 2020. Apple is producing and exporting several iPhone models, including the iPhone 12, 13, 14, and 14+, from India.

According to the Department of Commerce, overall exports of electronics goods between April and December 2022 reached USD 16.67 billion, an increase of 51.56% over the same period in the previous year. Additionally, more than USD 6 billion worth of smartphones were exported between April and November 2022.

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