iPhone 16 produced and launched globally from Indian factories: Ashwini Vaishnaw
Noting that Apple's latest iPhone 16 is being produced and has been launched globally from Indian factories, Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday said that 'Make in India' initiative of Prime Minister Narendra Modi is driving the creation of iconic products for the world.
Noting that Apple's latest iPhone 16 is being produced and has been launched globally from Indian factories, Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday said that 'Make in India' initiative of Prime Minister Narendra Modi is driving the creation of iconic products for the world.
Apple on Monday announced iPhone 16 and iPhone 16 Plus, built for Apple Intelligence, "the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy".
This is the first time Apple has assembled its iPhone 16 Pro models outside China, highlighting a major shift in the tech giant's global production strategy.
"Apple's latest iPhone 16 being produced and launched globally from Indian factories! PM @narendramodi Ji's 'Make in India' initiative is now driving the creation of iconic products for the world," Vaishnaw said in a post on X.
The move underscores Apple's strategic efforts to diversify its manufacturing base and enhance its global supply chain resilience.
According to GSM Arena, Apple's decision to assemble its iPhone 16 Pro and iPhone 16 Pro Max models in India reflects a broader trend of companies seeking to reduce their dependence on single countries for production.
For the past seven years, Apple has been progressively ramping up its production in India. This expansion is expected to elevate India's share in Apple's total iPhone production from approximately 14 per cent earlier this year to 25 per cent by next year.
In addition to the iPhone 16 Pro, there are reports indicating that Apple plans to begin production of the iPhone 17 exclusively in India.
By diversifying its production strategy, Apple aims to mitigate risks associated with over-reliance on any single country, particularly in light of geopolitical shifts and supply chain uncertainties.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
05:09 PM IST