Is India on the verge of becoming a hub for Smartphone manufacturers?

India’s push in positioning itself as a smartphone-production hub is a significant event amid a U.S.-China trade war. The trade war not only disrupted global supply chains but also has left tech firms such as Samsung and Apple looking for alternatives to China to set up their manufacturing plants.

“There’s a strong request from Apple to its clients to move part of the iPhone production out of China,” Reuters mentioned quoting unnamed sources who had key knowledge of the development.

Samsung Electronics Co. and Apple Inc.’s assembly partners in August are among 22 companies that have already vowed of 110 billion rupees ($1.5 billion) of investments to establish smartphone phone manufacturing plants in India.

Foxconn Technology Group, Wistron Corp. and Pegatron Corp., all iPhone assemblers, are amongst companies selected to build smartphones under a production-linked incentive plan, Ravi Shankar Prasad, minister for electronics and information technology (IT), said at a press conference in New Delhi. The move, in next five years could enhancement the value of phone output to 11.5 trillion rupees, he said.

The plan is expected to generate approximately 300,000 direct jobs and over 900,000 indirect jobs in the coming five years. Indian companies like Dixon Technologies and Optiemus Electronics have also applied to benefit of the incentive program.

Here is a video by Wall Street Journal where it shows how an Indian smartphone manufacturer Micromax is highly optimistic of the recent changes in the business scenario and how the country is planning to become the hub of smartphone.