The Government of India is preparing a fresh incentive program for electronics manufacturers to keep the fast improvement of local smartphone production – including iPhone devices from Apple.
The current Production-Linked Incentive Program (PLI), which offers financial bonuses to companies for the production of smartphones in India, expires at the end of the month. According to Reuters, the government plans to introduce a fresh incentive system, possibly linked to export performance. The aim is to make India a global production centre, not just a local sales market.
The strategy is already working – India is liable for about 25% of iPhone production today. However, Apple plans to diversify even more, and in a year it wants to decision even half of its global iPhone production to India.
The scale of growth is huge. In fiscal year 2024/2025 India produced smartphones worth nearly $60 billion, a 28-fold increase over a decade. The government of Prime Minister Narendra Modi wants to increase the value of the full electronics sector to $500 billion by 2030.
The fresh incentive programme is presently being consulted by the Ministry of Electronics and Information Technology, although details have not yet been officially disclosed.
Apple greatly increases iPhone production in India
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