North India Statesman
[ad_1]
News India Live, Digital Desk: Import tarifs: Nowadays smartphone is in every hand, and everyone knows the popularity of iPhone! You will be proud to know that now this famous phone of the world is being made in India very fast. And this story is related to technology, as much as generosity. In fact, it is believed that the result of former US President Donald Trump’s policies is that Apple is now increasing the production of iPhone in India by reducing its dependence on China! This is not just a news, but a big win for India’s ‘Make in India’ initiative.
How did Trump’s policies affect?
When Donald Trump was an US President, he imposed a heavy ‘Customs Duty’ (Customs Duty ‘on the imports coming from China. This ‘Trade War’ was making the goods made in America expensive in America.
-
Emphasis on internal production: Trump wanted American companies to make their goods in other countries or America instead of China, so that the dependence of the US economy on China was reduced.
-
Cost fear: Increasing production costs in China and this ‘trade war’ forced companies like Apple to find alternative production bases, so that their margin is not affected.
How did India benefit?
India took full advantage of this opportunity! The PRODUCTION-Linked Inventive-PLI scheme of the Government of India attracted foreign companies to set up production units in India on a large scale.
-
Increased investment: Apple began to increase investment in India through its contract manufacturers, such as FoxConn, Wistron and Pegatron. Today Apple’s huge manufacturing hub has been built in India.
-
Changes in global supply chain: The Covid-19 epidemic and the long lockdown in China also forced companies to give up the strategy of ‘keeping all the eggs in the same basket’. He began to diverse his supply chain and India became an important partner in it.
-
China +1 Strategy: Many companies, especially American and European companies, are now adopting a policy of maintaining production facility in one other country apart from China. India has emerged as the most preferred option in this ‘China Plus One’ strategy.
By March 2025, it is expected that iPhone production in India will increase and fast, which will not only speed up the Indian economy, but will also create millions of new employment opportunities. It is not just a matter of expansion of a company, but a great and positive step towards India becoming ‘self -sufficient’ and becoming the world’s manufacturing power. So, the iPhone coming out of your pocket and coming in your hand can also be ‘Made in India’, which will also be proud of you!
