Anil Swarup Column: Evaluating the hits and the hype around ‘Make in India’

Anil Swarup writes: Amidst India’s modern economic saga, ‘Make in India’ stands as a resplendent thread, weaving progress and aspiration, since its introduction on September 25, 2014, to strengthen India’s economic landscape. However, with the pull-out of Foxconn’s $19 billion semiconductor joint venture with Vedanta last July (Foxconn announced a semiconductor JV with HCL in January 2024) and the latest debates on the program, it is worth examining its impact.

Apple iPhone maker Foxconn to invest $1.54 billion in India

Taiwanese contract manufacturer Foxconn plans to invest $1.54 billion in India, as the country doubles down on local manufacturing. In a stock exchange filing, Foxconn said that the investment will help it fulfil “operational needs.” The company, however, did not provide further details. Foxconn is the main assembler of Apple iPhones and both companies are keen to move away from China and create alternative supply chains.

Analysis: Why it makes sense for Tata Group to make high-end iPhones as Apple eyes India

With Tata Electronics now hogging the limelight for iPhone manufacturing in India, industry experts on Monday said that with their ambition on semiconductors and EVs, it only makes sense for the Tata Group to gain expertise in manufacturing high-end iPhones in the country. Currently, iPhone 12 and iPhone SE (second generation) are being manufactured/assembled at Taiwan-based iPhone manufacturer Wistron’s Karnataka factory, which Tata Electronics is set to take over soon.