Schedule a Call Back
Apple's 'Make in India' triumph, exceeds Rs 600 bn iPhone assembly target in FY24 Q1
Industry News- Dec 14,23
The data is sourced from reports submitted by the three key vendors—Foxconn, Pegatron, and the recently acquired Wistron by the Tatas—to both the central and state governments.
In a notable "Make in India" achievement, Apple Inc has successfully assembled iPhones with a Freight-On-Board (FOB) value exceeding Rs 600 billion during the initial seven months of the 2023-24 fiscal year. This accomplishment represents 81% of the cumulative target of Rs 740 billion set for the fiscal year, as mandated by the production-linked incentive (PLI) scheme for mobile devices. Impressively, 70% of this total stems from the exportation of iPhones manufactured in India. The data is sourced from reports submitted by the three key vendors—Foxconn, Pegatron, and the recently acquired Wistron by the Tatas—to both the central and state governments.
Source: Business Standard
Related Stories
Automation & Robotics
Building the Future of Indian Manufacturing Through Automation
Make in India, industrial automation India, smart manufacturing, AI in manufacturing, Industry 5.0 India, manufacturing GDP growth, robotics and automation, Aatmanirbhar Bharat, Prateek Jain, Addver..
Read moreOther Industrial Products
Tata Motors Launches 17 Next-Gen Trucks, Expands EV Range
Tata Motors has unveiled a 17-truck next-generation portfolio spanning 7–55 tonnes, raising benchmarks in safety, efficiency and uptime, while accelerating electric trucking with its new Tata Truc..
Read moreMachine Tools & Accessories
EAPL offers IoT-based products in the market: Shreedhar Kamat
In this interview, Shreedhar Kamat, Co-Founder & Chairman of Electronic Automation Pvt Ltd (EAPL), highlights advancement in manufacturing capabilities and the company’s product offerings.
Read moreRelated Products
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
