Apple’s next move

That Apple best signifies the success of the government’s production-linked incentive (PLI) schemes in general, and for large-scale electronics manufacturing in particular, is well established by now. The long-term fruits of the initiative are also visible now, with analysts estimating that by 2026, Apple would have shifted 26% of its global iPhone capacity to India, from the current 14%. The backward linkages of the move is also getting clearer as it is estimated that by then its requirement of chips for the iPhones it produces in the country would be around $12 billion. This presents an excellent opportunity for companies like Micron and Tata Group who are setting up semiconductor units in the country, which would come on stream by 2026.