Apple's ambitious plan to scale up production in India by fivefold
Following its “Wonderlust” event which featured the launch of an array of products including the iPhone 15 series, the Apple Watch Series 9 and the latest AirPods, Apple is strategically positioning itself for an ambitious manufacturing expansion.
According to industry sources, Apple is planning to scale up manufacturing in India by over five-fold, targeting an impressive $40 billion over the next four to five years – a huge jump from the $7 billion manufacturing size in its last fiscal year – as the company looks to diversify its supply chain amid rising geopolitical tensions with China.
