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India is on track to become a major player in global manufacturing, with plans to produce 25% of all iPhones by 2028. Prime Minister Narendra Modi confirmed this ambitious goal, aligning with Apple's strategy to diversify its production beyond China. Currently, India accounts for 14% of global iPhone production, a significant increase from just a few years ago. The Production Linked Incentive (PLI) scheme has been crucial in attracting tech giants like Apple to ramp up manufacturing in India, offering incentives and subsidies to boost production. This move is expected to create thousands of jobs and boost local economies, with companies like Tata Electronics playing a crucial role. With India's intensified focus on manufacturing, the country is set to rival China as a primary hub for iPhone production, diversifying global supply chains and mitigating risks associated with over-reliance on a single country. This initiative not only promises economic benefits but also positions India as a key player in the global supply chain for electronics.
