Tim Cook, Rajeev Chandrasekhar discuss enhancing production and exports
Apple CEO Tim Cook on Wednesday met Union Electronics and IT Minister Rajeev Chandrasekhar and discussed increasing local production and iPhone exports.
Apple recorded record iPhone exports of more than $5 billion from India in 2023.
“It was a pleasure to meet @tim_cook CEO, @Apple and his team to participate in Apple’s strategic and long-term partnership with India and India’s digital journey,” the minister said on Twitter.
“We discussed deepening and expanding production, exports, youth skills, expanding the application and innovation economy and job creation,” Chandrasekhar added.
Mobile phone exports rose from Rs 45,000 crore in FY22 to Rs 90,000,000 crore in FY23, beating the previous estimate of Rs 75,000 crore.
The excellent performance of the Mobile Performance Linked Incentive (PLI) scheme serves as an inspiration for other electronics segments to emulate this success in increasing production and exports.
According to Chandrashekhar, the Apple ecosystem in India has created more than a million new direct jobs in the industry in the last two years.
– About 70 percent of them are women aged 19-24 who are starting their careers, acquiring skills and improving their family’s living comfort, he added.
Apple started manufacturing iPhones in India in 2017, and since then the company has been working with suppliers to assemble new iPhone models and produce a growing number of components.
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