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Global giants like Apple see economic sense in investing in India: Scindia
The Political and Business Daily
|May 07, 2025
COMMUNICATIONS Minister Jyotiraditya Scindia on Tuesday said that global tech giants such as Apple see a lot of economic sense in setting up manufacturing facilities in India.
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Addressing the Bharat Telecom event here, Scindia said investing in India at present is not just an act of goodwill alone, but it makes economic sense for every OEM (original equipment manufacturer).
"Apple has decided to source and produce all its mobile phones in India in the years to come. Because when you invest in India, you are choosing affordability, you are choosing reliability, you are choosing originality," the minister remarked.
Apple CEO Tim Cook has recently announced that the tech giant will source the majority of its iPhones for the US market from India in the April-June quarter, while China will produce the devices for other markets. The step is being taken due to the sharp hike in US tariffs for exports of the Communist country announced by President Donald Trump.
Dit verhaal komt uit de May 07, 2025-editie van The Political and Business Daily.
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