Photo: Best Buy
Apple To Increase iPhone Production In India
As per Bank of America report, Apple plans to shift over 18% of its iPhone production to India by 2025, up from 7% in 2023. The move is seen as an effort to reduce its dependence on the Chinese supply chain. The decision is also linked to government incentives for foreign companies in India. Currently, Apple in partner with Foxconn and Pegatron manufactured selective iPhone models in India.
Tags: Apple, India, Manufacturing Sector
Courtesy: India Today
Photo: The Financial express
India's Manufacturing Output To Get $520 Bn Boost Through PLI: PM
Prime Minister Narendra Modi, while addressing a virtual gathering, said the government will focus on the Production Linked Incentive (PLI) scheme to increase the country's production. PM Modi affirmed that it will boost manufacturing output by USD 520 billion in the next five years. Besides, he stated the government is working to decrease the compliance burden, improve ease-of-doing-businesses, and make logistics affordable for the industry… read-more
Tags: Manufacturing Sector, Indian industries, PM Modi, Production
Courtesy: The Tribune
