iPhone exports from India to double to $12.1 billion in 2023-24: Trade Vision
[ad_1]
pattern photo
Creative Commons
Monica Oberoi, Vice President, Trade Vision LLC, said that iPhone exports from India will almost double to US $ 12.1 billion in 2023-24. At the same time, the total export of smartphones has also increased to 16.5 billion dollars. In the last financial year, the iPhone figure was US$6.27 billion and the smartphone figure was US$12 billion.
New Delhi . Apple’s iPhone exports from India to nearly double to US$12.1 billion in 2023-24. Giving this information on Tuesday, business intelligence platform ‘Trade Vision’ said that in the previous financial year this figure was 6.27 billion US dollars. The total export of smartphones from India increased to US $ 16.5 billion in the financial year 2023-24, which was US $ 12 billion in the previous financial year.
Trade Vision said the growth reflects the broader impact of Apple’s growing presence, growth of the Indian manufacturing ecosystem and driving innovation. Apple’s iPhone exports from India are expected to increase from $6.27 billion in FY 2022-23 to $12.1 billion in 2023-24, showing a massive growth of almost 100 percent. Trade Vision LLC said these figures show that India is now playing an important role in Apple’s global supply chain.
“Initiatives like the Indian government’s Production Linked Incentive (PLI) scheme have encouraged companies like Apple to invest in local manufacturing,” said Monica Oberoi, vice president (sales and marketing), Trade Vision LLC. The presence of iPhones made in India is continuously increasing in India.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
