Union Minister of Electronics & IT Ashwini Vaishnaw claimed that India is all set to become the mobile manufacturing capital of the world

Union Minister of Electronics & IT Ashwini Vaishnaw claimed that India is all set to become the mobile manufacturing capital of the world

Vaishnaw made this claim after a report published in Wall Street journal revealed that the tech giant Apple and its suppliers aim to build more than 50 million iPhones in India annually within the next two to three years

Vaishnaw made this claim after a report published in Wall Street journal revealed that the tech giant Apple and its suppliers aim to build more than 50 million iPhones in India annually within the next two to three years

Sharing the report on X, Vaishaw wrote, “Apple believes on Modi’s gurantee. India is going to become the mobile manufacturing capital of the world”

Sharing the report on X, Vaishaw wrote, “Apple believes on Modi’s gurantee. India is going to become the mobile manufacturing capital of the world”

If Apple achieves this target, India would account for a quarter of global iPhone production. China will still remain the largest iPhone producer, the report mentioned

If Apple achieves this target, India would account for a quarter of global iPhone production. China will still remain the largest iPhone producer, the report mentioned

Apple and its suppliers, namely Foxconn, reportedly view the production growth in India as successfully and "are laying the groundwork for a bigger expansion."

Apple and its suppliers, namely Foxconn, reportedly view the production growth in India as successfully and "are laying the groundwork for a bigger expansion."

Global iPhone shipments totaled more than 220 million last year, per the Journal, citing research firm Counterpoint

Global iPhone shipments totaled more than 220 million last year, per the Journal, citing research firm Counterpoint

According to a report by global research firm Counterpoint, India registered a compound annual growth rate (CAGR) of 23 percent in mobile phone shipments

According to a report by global research firm Counterpoint, India registered a compound annual growth rate (CAGR) of 23 percent in mobile phone shipments

It also claimed that India has risen to become the world's second-largest manufacturing hub for mobile phones

It also claimed that India has risen to become the world's second-largest manufacturing hub for mobile phones

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