Apple Considers Expanding India Production Further, Engages With Major Industry Players: Report
Portfolio Pulse from Ananthu C U
Apple Inc. is expanding its production in India to diversify its supply chain away from China. The company is in talks with US-based Flextronics and Jabil, as well as India's Aequs, to boost component production. Apple is also engaging with Tata Group for manufacturing capital equipment and exploring joint ventures for displays and camera modules.
September 09, 2024 | 6:12 am
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Apple is expanding its production in India, engaging with major industry players like Flextronics, Jabil, and Aequs. This strategic move aims to diversify its supply chain away from China, potentially enhancing Apple's manufacturing capabilities and reducing dependency on Chinese suppliers.
Apple's decision to expand production in India and engage with major industry players is a strategic move to diversify its supply chain. This could lead to increased manufacturing capabilities and reduced dependency on China, potentially benefiting Apple's operations and stock price.
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