Apple's vendors create 30,000 new jobs under PLI scheme in India

[Bilal9]

If nothing else we do get to enjoy cheaper iPhone in India. You are right about value addition is not happening at faster pace, but you have to understand that ecosystem takes time to be developed. For example in India, Walmart and Ikea have to source half their products from local manufacturers. So, they had to train local to meet their standards. Draw back in foreign investors is that they take their profits back which will be a drain on our dollar reserves. ToT is what is needed and our local players will put back their money in Indian economy.

Exactly. ToT is where it's at.

But I doubt iPhones will be sold any cheaper to Indians, read the following article - it discusses this,

‘Made in India’ iPhones: What it means for you and Apple

Being a brand of Apple’s magnitude means that the aspirational value of its products is infinitely more compared to most other brands. Hence, the idea of owning a ‘made’ in India iPhone strikes a chord on multiple levels. But what exactly does made in India iPhone mean for all parties — Apple...

www.gadgetsnow.com

For iPhones to be priced any cheaper, Foxconn or the other Taiwanese assemblers will need to source parts from Indian vendors. Given Taiwanese and especially Chinese parts costs, it doesn't make sense to localize parts in India, and Apple won't compromise on quality as it is a top grade luxury product.

The lesson? Indian Banyas should invest! And actually make their own phones with eventual 100% parts localization. If Bangladesh is doing better than Indian in this, why can't India, with eight times the population?

But all they are busy doing is stealing money and running away overseas, just give govt. and bank leaders their cut.

Looking at the Wistron Kolar plant disruptions, it is clear Indian govt. won't step in to fix proper wages or discipline the investor scumbags.

 

[defencenoob]

You didn't get it. No one was saying having screwdriver jobs feeding Indian families was bad.

The point was that your bhakt buddies were claiming (or issuing innuendo to that effect) that India is so advanced in tech because Apple's profiteer scumbucket iPhone assemblers (not Apple itself, mind you) came in to India offering screwdriver jobs at the behest, pleading and begging of your Hindutva leaders, just so their faces could be saved in front of their voters, that India could now claim to be "hardware superpower".

Some bhakts were even claiming iPhone were being "manufactured" in India, a stretch from "screwing parts together".

Your own media confirmed that Apple had NO PLANS to localize iPhone parts from India. EVER.

I just pointed out that it was nothing but screwdriver operations - there was no need for puffery. This was just a sham and nothing like bhakts claimed. Imported parts were being screwed together. Nothing more, nothing less.

And I'd argue much worse a sham than spinning cotton, weaving textiles, sewing and assembling clothes.

Though no one in Bangladesh will ever claim the apparel industry to be the epitome of industrial excellence. But it does feed the poor. As do screwdriver jobs we ourselves provide. We don't need Hon Hai or Wistron to come in for that.

You know - in Bangladesh we at least decided to do some backward integration. Like design/produce some of our own cellphone parts for our smartphones, that even being a country twenty four years younger and an eighth the size of your economy.

And what's wrong with not producing cotton? It's just a commodity, like any other.

Is it like heroin/cocaine now, supplier controls the market?

Bangladesh is the second largest importer of cotton, and India's share in it has been shrinking rapidly. Bangladesh is on the way to top China as the top importer of cotton. It's just business.

It is a sad story that India, despite being a large producer of cotton, cannot beat Bangladesh in the apparel game. I mean - not even close!

And you know what a "good thing" would be? Designing and exporting a 100% designed and 100% made in India phone - $10 Billion worth. But such a thing does not exist. Who knows if it ever will?

Small steps at a time, we won't become an electronics manufacturing superpower overnight.

You start assembling stuff and slowly move up in the value chain. China has done it for decades, they are still trying to get fab skills. We have done similarly in many industries like auto; a few decades back was just us assembling stuff together and now we design and manufacture almost everything in our own country and are now exporting cars, bikes, and tractors.

 

[kopotov]

The electronic components market in India (excluding imported PCB-Assemblies) grew by ~33% CAGR over the last 4 years and was valued at $20.8 bn in 2018-19.

The domestic production for electronic components stood at $9.9 bn in 2018-19 of which $2.2 bn was exported.


Meanwhile,

Five companies with the best growth in passenger vehicle sales in July 2022, as compared to July 2021:

Tata Motors: 57%
Toyota Kirloskar: 50%
Kia India: 47%
Skoda Auto India: 44%
Mahindra and Mahindra: 33%

 

[Bilal9]

The electronic components market in India (excluding imported PCB-Assemblies) grew by ~33% CAGR over the last 4 years and was valued at $20.8 bn in 2018-19.

The domestic production for electronic components stood at $9.9 bn in 2018-19 of which $2.2 bn was exported.


Meanwhile,

Five companies with the best growth in passenger vehicle sales in July 2022, as compared to July 2021:

Tata Motors: 57%
Toyota Kirloskar: 50%
Kia India: 47%
Skoda Auto India: 44%
Mahindra and Mahindra: 33%

We have to differentiate electronics as used in consumer electronics. And not batteries, industrial/automotive electronics or other things.

If we slap together cellphones from over-the counter Chinese cellphone subassembly suppliers in Shenzhen's wholesale market, and call them made in India electronic components, then it probably doesn't count.

There is a lot of smoke and mirror stuff going on when claiming how effective PLI and "Make in India" has been. And no one questions it. I call it in one word "Mirage" (मृगतृष्णा), since Hasina does it in Bangladesh too. Loads of exports but mazdoor mehnati people adding value still have no money.

For those of us outside India, please explain what constitutes "domestic production for electronic components" and what level of production (backward integration i.e. "made from scratch") is within India.

I am interested.