Apple Wants To Scale Up Manufacturing Parts For Its Devices In India And Fast
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple Inc. is planning to increase its domestic component production in India. The company's top officials have discussed this with India's finance ministry. Apple began manufacturing iPhones in India in 2017 and has since established a strong assembly line in the country, in partnership with Foxconn and Wistron. However, the Indian government's stance on tax incentives remains firm.
August 23, 2023 | 11:20 am
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Apple's plan to increase domestic component production in India could potentially reduce costs and increase profit margins. However, the lack of tax incentives from the Indian government could pose a challenge.
Increasing domestic production in India could potentially reduce Apple's manufacturing costs and increase profit margins. However, the Indian government's firm stance on not providing tax incentives could pose a challenge to Apple's plans. This could impact Apple's stock positively if the plan is successful, but there could be a negative impact if the lack of tax incentives becomes a significant hurdle.
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