India Emerges as Electronics Manufacturing Hub with Record iPhone Production

In 2023, India witnessed a groundbreaking achievement in its manufacturing sector, marking a significant stride for the Government’s Production Linked Incentive Scheme for Large Scale Electronics Manufacturing. The year earned the title of “The Year of Made-in-India iPhones” as the country successfully produced iPhones worth a staggering Rs. 1 Lakh Crore. This remarkable feat not only strengthened the domestic market but also positioned India as a major player in global electronics manufacturing. The export figures were equally impressive, with iPhones valued at Rs. 65,000 Crore being shipped from Indian facilities, showcasing the nation’s prowess in high-tech production and its growing importance in the global supply chain.

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