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Apple is eyeing India as its biggest ally in diversifying iPhone manufacturing. In line with this, the Cupertino giant reportedly held a meeting with the Indian Finance Ministry officials to discuss the future of the business in the country.
Indian business magazine and website Business Today shared the news involving the “detailed meeting,” which top representatives of Apple attended. No specific details were shared, but it was revealed that one of the key points in the discussion pointed to “how India’s policies could be aligned to support this initiative” involving iPhone manufacturing.
This complements Indian Prime Minister Narendra Modi’s plan to make India a global manufacturing hub. In the past months, different reports highlighted a series of investments other countries have been bringing to the country in line with Modi’s vision, which includes Taiwanese iPhone supplier Foxconn’s $600M investment for two projects in Karnataka and US company Micron’s plan for an $825 million Indian semiconductor plant.
According to the report that cited sources from the said ministry, India is now considered “one of the key investment countries” in the smartphone industry. It added that Apple is positioning India with Vietnam and Cambodia as one of the significant spots of investment for manufacturing its smartphones. Unsurprisingly, the report shared that the government is in “a positive cooperation” about the idea of boosting the manufacturing of smartphones in the country.
Unfortunately, this sounds bad news for China, which is currently dominating the iPhone manufacturing globally. According to past reports, India now produces 7% of iPhones globally, but Apple is reportedly planning to increase the number to 18% to 25% in the coming years.