Skip to main content

Apple Continuously Expanding Operations in India, Government in Regular Touch With Company: Piyush Goyal

US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said.

He said that the electronics industry works like this as first they put a basic set up and then they keep sourcing different components to add into their ecosystem.

"Apple is continuously expanding their operations in India... We are in regular touch with the Apple, MeITY (Ministry of Electronics and Information Technology) is also in touch with them... We hand-hold them because in a way, the eyes of the whole world are fixed on Apple," he said when asked about Apple's plan to start full-fledged manufacturing unit in India.

The company gets iPhones manufactured by electronics giants -- Foxconn, Wistron and Pegatron in India.

The minister has earlier stated that India's exports of mobile and electronics goods have doubled in the last year.

"Apple itself has exported about USD 5 billion worth of goods last year from India and they are planning to have 25 per cent of their global production coming out of India in the next 4 or 5 years," he said.

On Thursday, it was reported that mobile phone exports from India reached close to $11.12 billion (roughly Rs. 90,000 crore) with iPhone maker Apple accounting for around half of the total exports, according to industry body ICEA and estimates from industry sources.

India Cellular and Electronics Association (ICEA) said that mobile phones export from India have doubled to surpass Rs 90,000 crore, in the financial year (FY) 2022-23 from Rs 45,000 crore in FY22.

"No economy or sector in the economy can become a great and vibrant global economy without large exports. The mobile phone export juggernaut continues. Riding on the 100 per cent growth in mobile phone exports, which have crossed Rs 90,000 crore for FY 2022-23, electronics exports have also grown by 58 per cent to Rs 1,85,000 crore. It is extremely satisfying that we have crossed the targeted figure of Rs 75,000 crore for the year," ICEA Chairman Pankaj Mohindroo said.

According to industry sources, Apple is estimated to have clocked 50 percent share with the export of 'made in India' iPhones worth $5.5 billion (roughly Rs. 45,000 crore).

Is the new expensive 10th generation iPad worth buying instead of its predecessor? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


from Gadgets 360 https://ift.tt/4XQVpc9

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Xiaomi Offers Free Xiaomi 12 Pro Upgrade to Mi 11 Ultra Users Facing Wi-Fi Issues

Xiaomi is offering a free upgrade to a Xiaomi 12 Pro for Mi 11 Ultra users who are facing Wi-Fi issues. These users also have the option to further upgrade to the company's latest Xiaomi 13 Pro by paying an extra fee of Rs. 30,000. Just recently, the company extended the warranty of the Mi 11 Ultra alongside other smartphones by two years, after users complained of camera and motherboard issues. The current offer — including the free upgrade and the paid one, is extended to the Mi 11 Ultra users who are having trouble with Wi-Fi on their handsets. The Xiaomi India President Muralikrishnan B announced the offers in a video message via Twitter. He added that the  Mi 11 Ultra users who had previously paid and upgraded their handsets to the Xiaomi 12 Pro will be offered a full refund. They will need to contact the company online or through the nearest Xiaomi service centre. Notably, this refund is only applicable to users who upgraded their handsets due to Wi-Fi issues....
Post a Comment
Read more

Softbank CEO Says He is Heavy User of ChatGPT Speaks to OpenAIs Sam Altman Often

SoftBank Group 's Chief Executive Masayoshi Son said on Tuesday he is a "heavy user" of ChatGPT, the artificial intelligence-powered chatbot from Microsoft -backed startup OpenAI. Son said he is speaking "almost everyday" to OpenAI CEO Sam Altman , who has made high-profile visits to Tokyo this year as he looks to capitalise on interest in generative AI and exert influence on the regulation of the burgeoning technology around the world. "I am chatting with ChatGPT everyday - I am a heavy user," Son told shareholders of the group's telecoms subsidiary. Son has stepped back from public pronouncements in recent months to focus on the planned listing of chip designer Arm as his technology investment conglomerate books heavy loss due to the sliding value of its portfolio. The group holds its annual general meeting on Wednesday with the market looking for details of Son's investment outlook at a time when excitement over AI is driving capital...
Post a Comment
Read more