Apple continuously expanding business operations in India, says Piyush Goyal

Union Minister of Commerce and Business Piyush Goyal speaks on the networking dinner with Indian and Italian CEOs, in Rome on April 13, 2023. Mr. Goyal spoke about Apple’s increasing operations in India.
| Photograph Credit score: ANI

U.S.-based iPhone maker Apple is repeatedly increasing its operations in India and the federal government is in common contact with the corporate to help its enterprise, Minister of Commerce and Business Piyush Goyal has stated.

He stated that the electronics trade works like this as first they put a fundamental arrange after which they maintain sourcing completely different elements so as to add into their ecosystem.

“Apple is repeatedly increasing their operations in India… We’re in common contact with the Apple, MeITY (Ministry of Electronics and Data Know-how) can also be in contact with them… We hand-hold them as a result of in a method, the eyes of the entire world are fastened on Apple,” he stated when requested about Apple’s plan to begin full-fledged manufacturing unit in India.

The corporate will get iPhones manufactured by electronics giants — Foxconn, Wistron and Pegatron in India.

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The minister has earlier said that India’s exports of cell and electronics items have doubled within the final yr.

“Apple itself has exported about $5 billion value of products final yr from India and they’re planning to have 25% of their world manufacturing popping out of India within the subsequent 4 or 5 years,” he stated.