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Apple to make India a major production hub due to Covid: Reports

Monday, May 11, 2020 • Telugu Comments

Apple to make India a major production hub due to Covid: Reports

Here is one more positive news in times of Covid-19. As per media reports emerging on Monday, Apple is set to shift a portion of its manufacturing base from China to India.

"The electronics and technology giant wants to move a fifth of its production capacity (in other words, 20 percent) from China to India," says Livemint, quoting sources. This is in the wake of the Modi government coming up with a new production-linked incentives (PLI) scheme to boost domestic manufacturing, and China becoming less attractive due to the pandemic.

Apple Inc will use its contractors Foxconn and Wistron to produce up to $40 billion worth of smartphones in India, several media reports say. The production will be purposed for exports to other markets.

Livemint writes that the company has had a good experience with India. "Apple took 62.7% of the market share in India’s premium smartphone market in the last quarter," it says.

Note that Apple is yet to confirm the reports.

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