Apple plans to shift 20 percent of production to India, says reportSeveral 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...
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Apple plans to shift 20 percent of production to India, says report
