A remarkable Apple statement came from Indian Trade Minister Piyush Goyal. Goyal announced that he plans to increase the share of production in India, which is 5-7 percent of Apple’s production, to 25 percent.
Indian Trade Minister Piyush Goyal announced that Apple Inc plans to increase its production share in India, which is 5-7 percent of its production, to 25 percent.
“IF I’M WRONG…”
Goyal said at a conference, “Apple is another success story. India’s share in Apple’s production is around 5-7%. If I’m not mistaken, they aim to increase their production share here to 25%. Their latest models produced in India are in India. They put it on the market,” he said. (Reuters)
Apple was looking for an alternative to China after tensions between Beijing and Washington and coronavirus-induced restrictions and lockdown practices in China disrupted production.