Apple Supplier Foxconn Gets Rs 1.7 Lakh Crore Revenue from India Through iPhone Manufacturing

The manufacturing of Apple’s iPhone has increased rapidly in the last few years in the country. Apple -making contract manufacturer FoxConn, which produced iPhone in the country, has increased to about Rs 1.7 lakh crore in the last financial year. It may soon start a new manufacturing plant.

The number of workers of Foxconn has increased by 65 percent. Foxconn has around 80,000 workers in India. This Taiwan company is the largest manufacturer of iPhones. Recently, Electronics and IT Minister Ashwini Vaishnaw had said that the iPhone is about Rs 1.5 lakh crore in the export of smartphones from the country in the last financial year. He had said that guidelines will be released in the next few weeks for the government’s electronics components scheme of Rs 22,919 crore.

This year, Foxconn plans to assemble about three million units of iPhone. Manufacturing is being tried by Foxconn in a factory near Bengaluru in Karnataka. This trial is being done for the first phase of the plan to increase the manufacturing of iPhone in the country. In this trial, it is being assessed whether this factory can manufacture a large number of iPhone with a large number of iPhone’s manufacturing with the apple stringent parameters. In this year’s budget, Foxconn can benefit from the announcement of tax exemption on the import of smartphone parts.

Apple plans to start manufacturing airpods, macbook and iPad in the country. There is a preparation to start manufacturing airpods for export at Foxconn’s Hyderabad plant. The company plans to shift some part of its manufacturing in China. Manufacturing of the company’s wireless earphones in the country will be an important step in this. About two years ago, Foxcony approved the manufacturing of Airpods in Hyderabad for an investment of about 400 million dollars. Apple’s affordable iPhone 16E, launched in February, has started assembling in India. It will replace the iPhone SE introduced about three years ago. Along with the sale of iPhone 16E being assembled in the country, some countries will also have exports. The company’s iPhone 16 series is also being assembled in the country.