8INDIAREVIEWAUGUST, 2025INDIA SUPPLIES 1 IN 3 SMARTPHONES TO US AMID APPLE SHIFTIndia has become a significant participant in the worldwide smartphone supply chain, currently representing almost one-third of all smartphones brought into the US, primarily driven by Apple's increasing iPhone manufacturing in the nation.According to reports, despite worries about a possible 25% tariff on iPhones manufactured in India suggested by former US President Donald Trump, India's portion of US smartphone imports increased from 11% in 2024 to 36% by May 2025.As per a report by the Indian Express, US smartphone imports from India surged more than threefold year-on-year to 21.3 million units from January to May this year, based on information from the US International Trade Commission (USITC). In value terms (CIF), imports of Indian-manufactured smartphones rose 182 percent year-on-year to $9.35 billion, exceeding approximately $7 billion for the entirety of 2024.Apple's increasing investment in manufacturing in India is changing trade patterns. Its primary supplier Foxconn revealed a $1.49 billion expansion in Tamil Nadu, and India currently manufactures approximately 20% of the global iPhone output. In May, Apple CEO Tim Cook mentioned that the company anticipates a majority of iPhones sold in the US during the April-June quarter will be produced in India.Reports indicate that China shipped 29.4 million smartphones to the US from January to May, reflecting a year-on-year decrease of 27 percent, with a total value of approximately $10 billion. China (49 percent) and India (36 percent) were succeeded by Vietnam, which exported 8.3 million units, representing a share of 14 percent.China, previously the leading contributor, has watched its portion of US smartphone imports decrease from 82% in 2024 to below 50%. Vietnam currently accounts for approximately 14%, yet India's swift ascent underscores a strategic diversification within the global tech manufacturing sector.The change highlights how geopolitical dynamics, tariffs, and business strategies are transforming the production locations of global smartphones and their delivery to American customers.India's increasing share, currently 1 in 3, largely propelled by Apple iPhones, occurs during ongoing trade discussions with the US. Although smartphones represent India's leading export to the US by value, President Donald Trump has warned of a 25 percent tariff on iPhones manufactured in India. IMRTOP STORIESJSW ENERGY SUBSIDIARY INKS PPA WITH SECI UNDER FDRE SCHEMERecently, JSW Energy announced that its subsidiary JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a total of 230 MW of Firm and Dispatchable Renewable Energy (FDRE) plus the Inter-State Transmission System (ISTS) under SECI FDRE Tranche IV.The PPA will be for 25 years at a fixed tariff of 4.98 / kilowatt hour / kWh.This PPA takes JSW Energy's forecast capacity under construction to 12.9 GW and total theoretical locked-in generation capacity closer to 30.2 GW. The PPA reinforces JSW Energy's ability to execute its plan of 30 GW of installed generation capacity and 40 GWh of energy storage by 2030.Sharad Mahendra, Joint Managing Director (MD) & CEO of JSW Energy stated, "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers".On the Bombay Stock Exchange (BSE), JSW Energy shares were down 1.77% to 522.75 at 1:55 p.m. on Friday. JSW Energy is one of India's largest private power producers, focused on sustainable and scalable clean energy alternatives across thermal, hydro, solar, and wind segments. IMR· JSW Neo Energy signed a 25-year PPA with SECI for 230 MW at 4.98/kWh.· JSW Energy's under-construction capacity rises to 12.9 GW.· Company targets 30 GW generation and 40 GWh storage by 2030.
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