iPhones account for 40% of India’s mobiles export in 2022-23

Three Apple suppliers—Foxconn, Pegatron, Wistron, and Samsung—are major contributors to the export numbers, thanks to India’s PLI Scheme.

In order to improve exports, attract investments, integrate India into the global supply chain, and decrease reliance on imports, the government developed PLI projects in 14 industries as part of its AtmaNirbhar plan.

[Via]

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