Move is likely to add momentum to Apple’s efforts to diversify its product base beyond China. Read more at straitstimes.com.
KARNATAKA - Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple Inc. supplier’s factory as soon as August, marking the first timeaccording to people familiar with the matter.
The addition of an Indian iPhone is likely to add momentum to Apple’s efforts to diversify its product base beyond China and build up technology manufacturing in the South Asian nation. India has made progress in domestic manufacturing since Prime Minister Narendra Modi set up government programmes with lucrative financial incentives to expand production and employment.in the aftermath of the country’s Covid lockdowns and rising tensions between Washington and Beijing.
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