Apple is planning to increase its domestic component manufacturing in India. In a meeting with top finance ministry officials, the company shared the details of the same, according to a news source that cited a senior government official.
"There was a meeting in July in which Apple made a presentation. They wanted the government to know of its plans. Apple is interested in increasing its domestic component base, and is actively looking at it. The meeting focused on better understanding of supply chain and greater indigenisation. The overall growth of the smartphone manufacturing industry was also reviewed," the officer said.
He also added that the government is not receptive to the idea of tax incentives.
The senior Apple leadership met the top officials of the Finance Ministry last month. They gave a presentation on the current manufacturing, exports, supply chain as well as the company's participation in the nation's electronics sector.
"Apple wants to indigenise faster. They are eager to increase the domestic component manufacturing base in India and are actively looking at it", the official said, even as the meeting came at a time when the company is looking at India as a key manufacturing hub in order to diversify the manufacturing abilities beyond China.
The company manufactures 7% of its iPhones in India by expanding partners. In 2017, Apple started manufacturing iPhones in the country. Apple has, since then, worked with suppliers to put together iPhone models as well as to produce an increasing number of components.
On April 18, Apple also opened its first Indian store in Mumbai followed by another in the nation's capital two days later.
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