Apple’s iPhone production touches $10 bn mark in India. Courtesy, PLI

Riding high on the government’s Production-Linked Incentive (PLI) scheme, Apple has achieved a remarkable milestone in India. The tech giant’s iPhone production reached a freight-on-board (FOB) value of $10 billion in the first seven months of FY25 (April-October 2024), Union Minister Ashwinin Vaishnaw shared in a post on X.