News on April 16, according to media reports, Apple is actively negotiating with India’s two giants, Murugappa Group and Tata Group’s Titan Company, aiming to assemble and produce iPhone camera module subassemblies . It is reported that Apple is expected to confirm and announce this important partnership within five to six months.
As one of the core components of the iPhone, the camera module’s quality and performance are crucial to the overall user experience. Although Apple has successfully assembled multiple iPhone models in India, it has been unable to find local camera module suppliers. The cooperation negotiations with Murugappa Group and Titan Company are undoubtedly a key step for Apple to build a complete supply chain in India.
Titan is known for its precision manufacturing capabilities of watch and jewelry components, while Murugappa Group is a conglomerate with operations in multiple fields including engineering, financial services and chemicals. The strength and experience of these two groups will undoubtedly provide strong support for Apple's further development in the Indian market.
According to sources, as many as 14% of iPhones are currently assembled and produced in India, which accounts for about one-seventh of Apple's global production. As cooperation with local companies in India continues to deepen, Apple is expected to achieve its goal of transferring at least half of its supply chain to India and increase the local added value of suppliers by nearly 50% in the next three years.
Since the Indian government launched the smartphone production-linked incentive plan in August 2021, the Apple ecological chain has become a major force in promoting the development of the Indian job market. According to an Indian official, the Apple ecosystem has directly or indirectly created more than 400,000 jobs in the past 32 months and has significantly contributed to the local economy.
In addition to this, Apple directly employs nearly 3,000 employees in India and has created more than 1 million job opportunities through its iOS application development ecosystem. These measures not only strengthen Apple's position in the Indian market, but also further promote the development and prosperity of the local economy.
The above is the detailed content of Apple negotiates with India's Tata Group to produce iPhone camera components: a partner can be determined in as soon as 5 months. For more information, please follow other related articles on the PHP Chinese website!