Apple to expand India output to 25% by 2028, up from 14% in FY24: Capgemini Research

Apple plans to expand India-based output to 25% by 2028, up from 14% in FY24, said a report put out by Capgemini Research Institute on Wednesday.

Indian manufacturing facilities produced 14% of Apple’s total iPhone output in FY24, making India the largest producer of Apple smartphones outside China, as per the report titled, ‘The Resurgence of manufacturing: Reindustrialisation strategies in Europe and the US.’

‘’Apple plans to expand India-based output to 25% by 2028,’‘ it said.

Broadening the scenario, it said, in recent years, U.S. organisations have been looking at “friendlier” shores such as India, Mexico, Vietnam and Malaysia, as possible manufacturing bases.

In Southeast Asia, reindustrialisation investments are expected to increase in Vietnam and India, in areas including electronics manufacturing, energy and metals mining, and industrial manufacturing, as per the Capgemini research.

Offering geography wise data, the report said, some 40% of the surveyed organisations in the U.K. have plans to increase their investment in India over the next three years as part of their reindustrialisation initiatives. Meanwhile, 38% of surveyed enterprises in the U.S and Spain plan to increase their investment in India over the next three years as part of their reindustrialisation initiatives.

According to the surveyed organisations in European countries like France (33%), Germany (39%) and Netherlands (40%) plan to increase their investment in India over the next three years as part of their reindustrialisation initiatives.

Tracking the sectoral focus Gapgemini Research said, some 47% of organisations in the aerospace & defence sector have plans to increase their investment in India over the next three years as part of their reindustrialisation initiatives. Some 33% of organisations in the automotive sector, 39% of organisations in the battery manufacturing/energy storage sector, 35% of organizations in the chemicals sector, 38% of organisations in the consumer product manufacturing sector, 30% of organisations in the energy sector, 45% of firms in the electronics sector , 42% of enterprises in the industrial machinery & equipment sector, 49% of companies in the metals & mining sector, 41% of organisations in the life science sector, 30% of firms in the transportation sector, 33% of companies in the utilities sector and 41% of surveyed organisations in the telecom sector have plans to increase their investment in India over the next three years as part of their reindustrialisation initiatives, as per the report.