India Offers Cheaper Option to Make Apple’s iPhone: NITI Aayog CEO
In a recent statement, NITI Aayog’s CEO, BVR Subrahmanyam, has claimed that India offers a cheaper alternative to Apple’s iPhone manufacturing plans compared to most countries. This statement comes in the wake of US President Donald Trump’s threat to impose tariffs of at least 25% on Apple if it doesn’t shift its production from India to the US.
Subrahmanyam’s comment was made in response to Trump’s warning, where he stated that the tariff would be imposed if Apple doesn’t move its production from India to the US. However, Subrahmanyam remains optimistic about India’s capabilities, stating that the country will remain a cheap place to manufacture iPhones, despite the uncertainty surrounding the tariff.
“What the tariff will be, is uncertain…Given the dynamics, we’ll be the cheap place to manufacture,” Subrahmanyam said in an interview.
India has been making significant strides in attracting foreign investment and has become an attractive destination for companies looking to set up manufacturing facilities. The country’s government has implemented various policies to make it easier for companies to operate in the country, such as offering tax incentives and reducing regulatory hurdles.
Apple has been operating in India for several years, and has already set up a manufacturing facility in the country. However, the company has been facing challenges in terms of capacity and supply chain management. In recent years, Apple has been expanding its manufacturing capabilities in India, including the production of iPhones.
India’s manufacturing sector has been growing rapidly, driven by factors such as low labor costs, favorable business environment, and government support. The sector has attracted significant investment from companies such as Samsung, Foxconn, and Wistron, among others.
In addition to its manufacturing capabilities, India also has a large and growing consumer market, which makes it an attractive destination for companies looking to sell their products. The country’s smartphone market has been growing rapidly, driven by the increasing popularity of smartphones and the growing middle class.
Apple has been trying to increase its presence in India, where it has a significant market share. The company has been expanding its retail footprint in the country, and has also been investing in its manufacturing capabilities. However, Apple’s efforts have been hindered by various challenges, including high taxes and regulatory hurdles.
In recent years, India has been trying to reduce its reliance on imports and promote domestic manufacturing. The government has implemented various policies to encourage domestic manufacturing, including offering tax incentives and reducing regulatory hurdles.
The government has also been promoting the Make in India initiative, which aims to encourage domestic manufacturing and promote the country’s economy. The initiative has been successful in attracting foreign investment and promoting domestic manufacturing.
In conclusion, India offers a cheaper option for Apple to manufacture its iPhones compared to most countries. Despite the uncertainty surrounding the tariff, Subrahmanyam remains optimistic about India’s capabilities and has stated that the country will remain a cheap place to manufacture iPhones. India’s manufacturing sector has been growing rapidly, driven by factors such as low labor costs, favorable business environment, and government support.
