India is finalizing a new phase of smartphone manufacturing incentives designed to increase export volumes. The proposed policy links government subsidies to the quantity of devices shipped overseas and the integration of locally made components.
This initiative directly supports Apple Inc.’s strategy to diversify its manufacturing base away from China. Apple’s contract manufacturers currently generate approximately 75% of India’s total smartphone exports.
Production in the region has already reached a major milestone, with made-in-India iPhones accounting for 25% of the company’s global output. These new incentives aim to further cement India’s position as a global handset manufacturing hub.
The government is finalizing the policy as the existing incentive program is set to expire on March 31.