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Date: 17/04/2025

Apple touches freight on board production of $22 billion in India in FY25 
 
Apple Inc. has touched a total freight on board (FoB) production of $22 billion (Rs 1.89 trillion) for iPhones assembled in India during FY25 — a growth of 57% over the previous year, according to data provided to the government by vendors. As much as 80% of the FoB value came from exports, while the remaining ($4.5 billion) was from assembling the phones for the domestic market. The total market value (price at which iPhones are sold in the export and domestic markets) is estimated at around $33 billion (Rs 2.84 trillion), making it among the largest manufacturing companies in the country. While exports grew by a staggering 75% in FY25, domestic production went up by 12.5%, said a report.
 
Source: Exim News Service: New Delhi, April 16



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