Apple iPhone production reaches “another milestone” in India: Read IT minister Ashwini Vaishnaw’s post

Apple has achieved a significant milestone in India, producing iPhones worth $10 billion in the first seven months of the current fiscal year (FY25). This represents a 37% increase compared to the same period last year, according to union IT minister Ashwinin Vaishnaw.
Vaishnaw said that of the $10 billion worth of iPhones produced, $7 billion were exported, adding that the success is largely attributed to the government's Production-Linked Incentive (PLI) scheme – which encourages large-scale electronics manufacturing in India.
Yet another milestone for Smartphone PLI Scheme in 7 months:
$10 bn iPhone production by Apple - $7 bn exports.
Total smartphone exports from Bharat crossed $10.6 bn in 7 months.
Apple ecosystem created 1,75,000 new direct jobs in 4 years; over 72% women.


According to a report by The Economic Times, the PLI scheme has proven to be a significant success, generating Rs 1.10 lakh crore in revenue for the government – a return 19 times the initial investment. Apple, along with Samsung, has been a key driver of this growth, boosting production, exports, and job creation.
Apple's manufacturing partners in India – Foxconn, Pegatron, and Tata Electronics – have played a crucial role in this achievement. In the second quarter of this year, Apple reported record revenue in India, reflecting the growing demand for iPhones in the country.
Furthermore, Apple has created 175,000 new direct jobs in India over the past four years, with women filling over 72% of these positions.
The scheme, which was effective from FY21, ends in FY26 for every firm, except for Samsung, for which FY25 is the last year.