Big Apple harvest: India to be major iPhone maker

India is set to emerge as a major hub for iPhone manufacturing as US smartphone giant Apple looks to diversify production units outside China. Industry executives and analysts expect the percentage of locally made iPhones to rise to over a fifth of total output in value in the next three to four years, from the current 5% level.

According to industry executives and analysts, manufacturing in India for the Cupertino-based major is set to rise sharply as the company’s three contract manufacturers – Foxconn, Pegatron and Wistron – ramp up production and subsequently exports, driven by the government’s Rs 41,000-crore production linked incentive (PLI) scheme.