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Apple to shift a fifth of its production capacity from China to India

Apple to shift a fifth of its production capacity from China to India. Apple has set $40 Bn export target for Made-In-India iPhones. The firm aims to get benefited under India’s production-linked incentives (PLI) scheme. Right now, Apple sells iPhones worth $1.5 Bn in India. Govt of India is currently taking initiatives to attract foreign manufacturers to India.

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