Apple exported iPhones worth £ 1.5 trillion from India in FY25: Minister of Union, Ashwini Vaishnaw | Mint

Apple Inc. performed iPhones worth more than £ 1.5 billion ($ 17.4 billion) from India in the financial year ending 2025, according to India’s Minister of Electronics and Information Technology, Ashwini Vaishnaw. The announcement highlights the acceleration of the US technical giant of China and to India as a manufacturing base. India’s total smartphone exports exceeded £ 2 trillion during the same period, which was a significant 54 percent year to year increase, Vaishnaw said during a media briefing in the capital. Apple’s growing footprint in India’s growing footprint in India follows the serious disruption of its manufacturing operations in China caused by strict supervisions. The company has since strengthened efforts to diversify its production line. Large Apple providers such as Foxconn and the Tata group have increased local production capabilities. Tata’s electronic arm has acquired facilities previously owned by Wistron and Pegatron, which further strengthens its role in Apple’s India strategy. Meanwhile, geopolitical tension and changes in trade policy urgently add to Apple’s diversification plans. US President Donald Trump’s rates on Chinese goods – and the threat of additional levies up to 50 percent – are pushing multinational firms like Apple to reduce their reliance on Chinese factories. While Apple is expected to continue to move parts of its supply chain to India and Southeast Asia, analysts say that a complete resettlement of China remains unlikely in the short term. Reports indicate that Apple has increased its Indian production for the US market, that the tariff increases expect and adjust its stock strategy accordingly. The United States is expected to impose a reciprocal rate of about 27 percent on Indian goods, significantly lower than the rate on Chinese imports. In a dramatic move to Sidestep Fresh Imort duties, Apple also allegedly flown five cargo aircraft full of iPhones and other India products to the United States within just three days, during the last week of March, the Times of India (Toi) reported. According to a senior Indian official who spoke to Toi, the urgency was driven by a new reciprocal rate of 10 percent set by the Trump administration, which came into effect on April 5. (With input from Bloomberg)