rajkotupdates.news | Apple iPhone exports from India doubled in 2020, boosting the country’s manufacturing sector [2023]

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Credit: timesofindia.indiatimes.com

According to a report by the India Cellular and Electronics Association (ICEA), Apple’s iPhone exports from India have doubled between April and August of 2020. The report suggests that Apple’s production shift to India is paying off, as the company is experiencing increased demand for its products in international markets.

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Apple has been investing in India for several years, with the goal of manufacturing and exporting products from the country. This move was motivated by India’s large and growing smartphone market, as well as the country’s relatively low labor costs. The Indian government has also been promoting local manufacturing through its “Make in India” campaign, which has provided incentives to companies like Apple.

The report indicates that Apple has been exporting iPhones to countries such as the United States, China, and Russia. The increase in exports is a positive sign for India’s economy, as it suggests that the country’s manufacturing sector is becoming more competitive and capable of producing high-quality products.

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However, the report also notes that there are still challenges facing the Indian manufacturing industry, including the need for more investment in infrastructure and a skilled workforce. Nonetheless, the increased iPhone exports are a positive development for India, and could pave the way for more high-tech companies to invest in the country.