Helped by PLI scheme, Apple's India exports set to hit Rs 20,000 crore

iPhone exports from India cross $0.5 bn in November when tech giant's production in China suffered

Propelled by the central government’s production-linked incentive (PLI) scheme, Apple Inc. through its three contract manufacturers — Foxconn, Wistron, and Pegatron — is poised to export iPhones worth Rs 20,000 crore from India between April and December this year, say   sources in the know.

Between April and November, Apple had breached exports of Rs 17,500 crore. Even as the Cupertino-based company faced the full brunt on its production in China in November due to Covid-zero and labour unrest, its exports from India crossed a record $500 million (Rs 4,250 crore) that month.

The export number for November is the highest