This move is a part of Apple’s ongoing effort to expand its manufacturing operations in India and capture a larger market share in the country.
The decision to manufacture iPhones in India is significant as it not only helps Apple to avoid import taxes and potential trade restrictions but also allows the company to tap into the highly skilled and cost-effective labor force available in the country. Additionally, by producing iPhones locally, Apple can reduce the overall cost of production, making the devices more affordable for Indian consumers.
This development aligns with the Indian government’s “Make in India” initiative, which aims to boost domestic manufacturing and attract foreign investments. By producing iPhones in India, Apple has not only strengthened its relationship with the Indian government but also positioned itself to take advantage of India’s growing middle-class population, which is becoming increasingly tech-savvy and demanding high-quality smartphones.
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