Rajeev Chandrasekhar mentioned India is a expertise hub not just for the nation, however for the world too

New Delhi:

India will gallop in electronics manufacturing and pull a serious chunk of the sector away from China, Union Minister Rajeev Chandrasekhar instructed NDTV in an interview, two days after Apple CEO Tim Cook personally opened the corporate’s first retail retailer in India. The minister mentioned China must “watch out” as India is on the trail to changing into a large in manufacturing.

Tim Cook’s transfer underscored the US tech titan’s growing concentrate on India as a key gross sales market and different manufacturing hub to China.

“One of the great things about being in this job is to enjoy the feedback from people like Tim Cook and Pat Gelsinger (Intel CEO) and all the big leaders of the technology world come to India and honestly say, ‘We are so impressed with what India is doing’,” Mr Chandrasekhar, the Union Minister of State for Electronics and Technology, instructed NDTV.

Apple is betting large on India – house to the second-highest variety of smartphone customers on the earth, after China – with a second retailer opened in Delhi right this moment. The world’s largest firm by way of market worth can also be increasing its manufacturing footprint in India because it seeks to diversify its provide chain away from a heavy dependence on neighbouring China.

“I tell you, it is the highlight of my life to be sitting in this position, to hear these big guys come from all over the world and say that India is deeply impressive. And he (Tim Cook) said exactly that. He said, ‘Look, we are so impressed with what India has done in electronics manufacturing in the last few years, we want Apple to continue to grow in India’. I certainly think, it is my view, the Apple-India partnership can triple and quadruple in the coming years in terms of investments, jobs and the sheer opportunities not just in the Indian market but exports as well,” Mr Chandrasekhar mentioned, including he’s optimistic that it’s a “win-win” deal.

“It won’t be a binary situation. In future, it won’t be China or India, but China and India and Vietnam and all of us will be part of this more diversified, less concentrated global value chains that the world today asks. In the past, it was all concentrated around one country, which is China. The world post-Covid wants a much more trusted, diversified, resilient and India certainly is poised to participate in re-growing of the supply chain,” the Union Minister instructed NDTV.

“I certainly think we are at a historical moment when India can be a talent hub not only for its aspirations, but for the world too. We are in the process of shaping and helping young India join this talent point. Certainly, exciting times, watch out China,” he mentioned.

India can also be changing into central to Apple’s plans to shift its manufacturing of gadgets and parts away from China amid diplomatic tensions between Washington and Beijing and the availability chain fallout from strict Covid insurance policies.

Just 1 per cent of Apple’s iPhones have been made in India in 2021, however that jumped to 7 per cent final yr, Bloomberg News reported final week, citing sources. The firm started manufacturing iPhones in India in 2017 by way of Taiwanese suppliers Foxconn, Wistron and Pegatron.

Tim Cook mentioned in a February earnings name that “India is a hugely exciting market for us and is a major focus”. “We are, in essence, taking what we learned in China years ago and how we scale…  and bringing that to bear,” he had mentioned.

With inputs from AFP