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Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub

Business BytesBusiness Bytes · 1y ago
Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub
Medial

Apple plans to double its iPhone production in India by 2024, according to analyst Ming-Chi Kuo. India has been actively attracting tech manufacturing investments, offering incentives and reducing barriers. Foxconn, a key manufacturing partner, holds a significant share of iPhone production capacity in India, allowing for diversification and reduced dependency on China. Luxshare, a supplier initially focused on iPhone cables, is expanding its iPhone production in India. Apple's move aligns with India's "Make in India" initiative and demonstrates its commitment to tapping into the Indian market's potential and leveraging India's growing manufacturing reputation.

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