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While discouraging Apple from the building in India on Trump’s comments, sources said that if the company expands production, there are great advantages. Apple plans to invest in manufacturing in India, the target to produce domestically for the majority of American-dominated iPhones.
New Delhi:
us President Donald Trump‘You don’t want to build in India’ for Apple Boss Tim Cook Played on Thursday night, saying from government sources that global technology is an important value for the giants if he chooses to expand the iPhone production in the country.
India has a manufacturing ecosystem that is ‘good for global smartphone companies’, and a company like Apple will see competition from domestic production, sources said.
Sources said, “India has become an important player in smartphone production location … If companies recognize the value of manufacturing in India, they will continue on that path”, the sources said.
Sources also said that any company like Apple – which states that most of the iPhones sold in the US from June quarter would be ‘made in India’ – should accept that edge.
‘His investment decisions will be based on his own competition … “
Meanwhile, sources within Apple have said that the company has no plans to change its India investment plans based on what Trump said. Company officials told the news agency PTI that the proposal to set up a major manufacturing facility in the country would proceed as set.
Earlier today, the President of the United States said that he had told Mr. Cook that he did not want him to “build a building” and that “India can take care of himself”. The comments were made on a trade stage in Qatar, Tram’s three-nation West Asia tour.
Read | “You don’t want to build in India”: Apple CEO Tim Cook from Trump
“I told him, ‘My friend, I am treating you very well. You are coming with $ 500 billion … but now I have heard that you are building in India. I don’t want you to build in India. You can build in India … Because India is one of the most tariff countries in the world, so it is very difficult to sell in India.”
Trump later claimed that Apple is one of the most valuable companies in the world, which is running again in the US. However, the company has not made any such comments.
Apple committed to invest $ 500 billion in the US for construction, but the realities are very different. The company will struggle to rebuild supply chains in the country that creates about 76 million iPhones sold in the US alone in the US alone.
Analysts stated that the cost could run for tens of billions of dollars.
Apple iPhones are now being manufactured in India as well as China (file).
Cook made Trump’s gambling comments even after indicating partition in sourcing strategies for iPhones, which is about 50 percent of Apple’s revenue. Ipones for sale in the US will be built in India and the existing plants in China will build for the rest of the world.
Reports states that Apple finally planned to transfer all production in India.
Read | Apple from most sources of American iPhones from India in June quarter
For now, partition is also a way to slap iPhones produced in China and avoid large -scale tariffs to be exported to the US. Both countries are in the middle of a cruel trade war.
This week, there was a deal on that front, which saw that Beijing agreed to cut US imports 10 percent and Washington up to 30 percent of the duties. This is only for 90 days.
The first rates were 145 on Chinese goods and 125 on US imports.
Read | China, US slashs mega tariffs on each other, but is the trade war is over?
At this time the estimated 15 percent of the global iPhone output comes from India, as popular goods – such as Airpods, which are being manufactured in Telangana.
In April, Electronics and IT Minister Ashwini Vaishnav said that an iPhone worth Rs 1.5 lakh crore was exported in FY 25. This is to promote local manufacturing well for the major initiative of the Government of India – ‘Make in India’ program – and steals a March on China.
With input from agencies
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