APRIL 20258APPLE'S $22B IPHONE INVESTMENT IN INDIA MARKS GLOBAL STRATEGY SHIFTIn a major change to global manufacturing tactics, Apple has produced iPhones valued at $22 billion in India over the 12 months concluding in March 2025. The article, released by Bloomberg's Mark Gurman, points out a significant 60 Percent rise in production compared to last year--a strong sign of Apple's growing emphasis on India as a manufacturing hub.The report indicates that one out of every five iPhones, or 20 Percent of Apple's worldwide iPhone production, is now processed in India. This marks a significant move in Apple's wider objective of diversifying its supply chain and diminishing its strong dependence on Chinese production. India's increasing significance in Apple's production ecosystem was also highlighted recently by the IT and Electronics Minister Ashwini Vaishnaw, who disclosed that the company exported iPhones worth 1.5 trillion from India in the previous fiscal year.A significant portion of Apple's domestic manufacturing occurs at Foxconn's large facility in Tamil Nadu, which continues to be the firm's primary production center in the nation. Alongside Foxconn, Tata Group is emerging as a more significant participant in Apple's operations in India. Tata currently operates two key factories--one located in Tamil Nadu and the other in Karnataka--following its acquisition of Wistron's Indian division and management of Pegatron's domestic operations.Apple's expansion into India isn't solely focused on satisfying local demand. It's also strategically linked to changes in global trade. Earlier this year, India experienced a significant increase in production and exports after former U.S. President Donald Trump announced suggested "reciprocal" tariffs on imported products. Although devices such as smartphones and computers were ultimately exempt from these tariffs, the political environment prompted companies like Apple to hasten their efforts to diversify production sites.Bloomberg has observed that Apple could depend more on iPhones assembled in India for the U.S. market. This provides Apple with a competitive advantage, particularly as Chinese imports are still facing elevated tariffs--some of which hover around 145 percent. While smartphones are currently not subject to tariffs, Trump has indicated that this relief is temporary and that tariffs might be reinstated in a few months. TOP STORIESNPCIL GEARS UP FOR JV-BASED NUCLEAR PROJECTS WITH PSUS, STATESIndian Oil Corporation and Indian Railways expressed their willingness to partner in nuclear ventures. Indian Oil has already made a joint venture with NPCIL and Neyveli Lignite Corporation. Many states have also expressed interest in investing minor stakes in upcoming nuclear projects."We are going to have tie-ups, maybe with other central PSUs also. They are interested. We already have a joint venture with Indian Oil Corporation. We need to operationalise that as there is growing interest now," said NPCIL chairman and managing director Bhuwan Chandra Pathak. "In some way, if they (states) are connected with us, it will be of great help to us, so we are also interested," he added.NPCIL targets to achieve 22 GW by 2031-32 and targets 50 GW by 2047. The company's recent milestones include key developments, including the connection of the 700 MW RAPP unit 7. The upcoming RAPP unit 8 and four 1000 MW Kudankulam units are expected to impact India's nuclear power capacity. India's nuclear power sector is witnessing substantial traction as Nuclear Power Corporation of India Ltd (NPCIL) gains interest from major central public sector undertakings (PSUs) and state governments for collaborative development of nuclear power plants. With this strategic push from the country, it is poised to meet the country's long-term energy goals.
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