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Title: Apple plans to shift 20 percent of production to India, says report Post by: HCK on May 12, 2020, 04:05:23 pm Apple plans to shift 20 percent of production to India, says report
Several meetings between Apple and government officials have reportedly taken place. What you need to know A report says Apple may be planning to move more of its manufacturing to India. Apple is expected to produce $40 billion worth of smartphones in the country over the next five years. It would make Apple the country's largest exporter. A report from India suggests that Apple has been in talks with Indian officials over several months as it looks to shift up to one-fifth of its production to India. As reported by Economic Times: Several meetings between Apple's senior executives and top-ranking government officials over the last few months have paved the way for the iPhone maker examining the possibility of shifting nearly a fifth of its production capacity from China to India and scaling up its local manufacturing revenues, through its contract manufacturers, to around $40 billion over the next five years, say officials familiar with the matter. The report notes that... Source: Apple plans to shift 20 percent of production to India, says report (http://feedproxy.google.com/~r/TheIphoneBlog/~3/WJ31qxeVpIo/apple-plans-shift-20-percent-production-india-says-report) |