Apple suppliers are increasingly turning to India as a location for iPhone production. A spokesman for India’s Ministry of Electronics said a total of nearly 50,000 jobs have been created since August last year.
These functions exist, for example, at the manufacturers Foxconn and Wistron, but also at parts suppliers such as Sunwoda and Foxlink. The background is the government incentives for smartphone production, which came into effect in August 2021. Since then, companies have been required to provide the ministry with data on jobs on a regular basis.
It is currently believed that more jobs will be created in the sector. Representatives of Wistron and the Indian Tata Group discuss the joint production of iPhones. These are manufactured both for export and for the domestic market.
difficulties in China
While most Apple products will continue to be produced in China, there will be an increasing shift to India and Vietnam, according to reports. Geopolitical tensions with China and the strict corona measures contribute to this. Apple supplier Foxconn reported a 12.3 percent drop in sales for December. Nevertheless, an increase was recorded for the whole year.
Insiders spoke of a production drop of more than 30 percent. According to the company, the situation should now be “largely normal” again. According to a newspaper report, Apple was still looking for a new supplier to deal with the disruptions at Foxconn. Chinese contract manufacturer Luxshare will produce Pro versions of the smartphone in the future, the “Financial Times” reports.
Foxconn is the world’s largest manufacturer of Apple iPhones. The factory in the central Chinese industrial metropolis of Zhengzhou was closed off from the outside world due to the increasing number of corona infections. This led to unrest and protests by workers.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
