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Apple may shift nearly a fifth of iPhone production to India by 2025: Report

The government’s production-linked incentive scheme aims to “boost domestic manufacturing, investments and export in the telecom and networking products”. The scheme also includes mobile phones and this may drive Apple to shift at least 18% of its global iPhone production to India by the financial year 2025. According to a report by Bank of America (spotted by Economic Times), the Cupertino-based tech giant would be able to expand further in the country. This will be possible if the larger scale incentivises its vendors to also expand in the country, the report noted.

from Gadgets Now https://ift.tt/jrBCDhy
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