Apple Ramps Up India Production, Aims for $40 Billion Output in 5 Years
- Apple plans to increase production in India over 5 times in the next 5 years, aiming for $40 billion
- Apple surpassed $7 billion production in India last financial year
- Apple manufactures iPhones in India, plans to start making AirPods next year
- India looking to expand electronics industry to $300 billion by 2026
- Increased smartphone production and push to reduce China supply chain reliance