By “this country” is meant India.
According to JP Morgan forecasts, which were first made in September last year, by 2025 Apple will bring the share of smartphones assembled in India to 25% of the entire supply structure. According to DigiTimes Research analysts, in a couple of years this figure will grow to 50%. While Apple representatives do not comment on this situation, Indian officials are inspired by such prospects, as Reuters makes clear.
Image Source: Reuters
In any case, Indian Commerce Minister Piyush Goyal said that Apple is preparing to increase the share of devices manufactured in this country from the current 5-7% to 25%, although he did not express firm confidence in this, and also explain about What is the timeframe for achieving this goal?
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At the same time, Goyal’s colleague in government, Minister of Electronics and Information Technology Ashwini Vaishnaw, announced that in December last year, the monetary equivalent of exports of Apple products from India had overcome an important psychological mark of $ 1 billion. Not so long ago it became known that 14 Apple contractors received from the Indian authorities permission to organize new or expand existing enterprises in the country. Foxconn, for example, plans to quadruple its workforce at a plant in India by mid-decade.