Foxconn, one of the largest contract manufacturer of Apple Products, has committed $1.5 billion to expand its operations in India — likely to ramp up iPhone production as Apple shifts away from its reliance on China. During Apple’s Q1 2025 earnings call, CEO Tim Cook identified India as the primary source for iPhones destined for the U.S. market in the upcoming quarter—marking a significant shift in Apple’s global supply chain strategy. Besides Foxconn, many foreign manufacturers have tapped into India’s Production-Linked Incentive (PLI) scheme, which offers financial incentives for boosting domestic production and exports. Launched as global firms sought to diversify away from China under the "China+1" strategy, the scheme has become a key driver of India’s manufacturing-led growth. "In addition to promoting large-scale electronics manufacturing, India’s Production Linked Incentive (PLI) scheme spans a diverse set of industries, including those critical to national security—such as Pharmaceuticals, Medical Devices, Telecom & Networking equipment, and Semiconductors."
