Union Telecom minister Jyotiraditya Scindia emphasised that investing in manufacturing in India makes economic sense for original equipment manufacturers (OEMs), citing Apple's decision to source the majority of iPhones sold in the US from India as an example. Speaking at the Bharat Telecom event, Scindia stated that manufacturing in India can be affordable and reliable.
Telecom minister Jyotiraditya Scindia on made in India iPhones During the Bahart Telecom event, Scindia stated the benefits of investing in India and the companies are choosing reliability, affordability and originality. He noted that Apple CEO Tim Cook had announced during a recent earnings call that the company would source most of the iPhones sold in the US from India in the June quarter.
“Apple has decided to source and produce all its mobile phones in India in the years to come," Scindia said, adding that "when you invest in India, you are choosing affordability, you are choosing reliability, you are choosing originality."
Apple CEO Tim Cook on made in India iPhonesApple CEO Tim Cook announced recently that India will become the primary manufacturing hub for iPhones sold in the United States, marking a significant shift in the tech giant's production strategy amid escalating trade tensions.
"For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's quarterly earnings call, where the company reported a 5.1% revenue increase to $95.36 billion.
The announcement comes as Apple seeks to mitigate the impact of potential tariffs from the Trump administration. While electronic products including smartphones recently received a temporary exemption from the 145% tariffs on Chinese imports, Cook warned that future duties could significantly impact costs.
Jyotiraditya Scindia on India’s telecom growthApart from manufacturing in India, Scindia also talked about India’s telecom growth. Scindia stated that government’s PLI scheme led to rapid expansion and growth in the Indian telecom sector.
"Investment of Rs 4,000 crore, half a billion dollars alone, has resulted in sales of Rs 80,000 crore, Rs 16,000 crore in exports, (and) 25,000 jobs being created. Therefore, the telecom equipment market has also grown manifold in India," Scindia said.
Telecom minister Jyotiraditya Scindia on made in India iPhones During the Bahart Telecom event, Scindia stated the benefits of investing in India and the companies are choosing reliability, affordability and originality. He noted that Apple CEO Tim Cook had announced during a recent earnings call that the company would source most of the iPhones sold in the US from India in the June quarter.
“Apple has decided to source and produce all its mobile phones in India in the years to come," Scindia said, adding that "when you invest in India, you are choosing affordability, you are choosing reliability, you are choosing originality."
Apple CEO Tim Cook on made in India iPhonesApple CEO Tim Cook announced recently that India will become the primary manufacturing hub for iPhones sold in the United States, marking a significant shift in the tech giant's production strategy amid escalating trade tensions.
"For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's quarterly earnings call, where the company reported a 5.1% revenue increase to $95.36 billion.
The announcement comes as Apple seeks to mitigate the impact of potential tariffs from the Trump administration. While electronic products including smartphones recently received a temporary exemption from the 145% tariffs on Chinese imports, Cook warned that future duties could significantly impact costs.
Jyotiraditya Scindia on India’s telecom growthApart from manufacturing in India, Scindia also talked about India’s telecom growth. Scindia stated that government’s PLI scheme led to rapid expansion and growth in the Indian telecom sector.
"Investment of Rs 4,000 crore, half a billion dollars alone, has resulted in sales of Rs 80,000 crore, Rs 16,000 crore in exports, (and) 25,000 jobs being created. Therefore, the telecom equipment market has also grown manifold in India," Scindia said.
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