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Apple to invest $1 billion in India to ramp up production

[2019-09-17 02:48:49]

What you need to know Apple is planning to invest $1 billion in India to ramp up production Foxconn and other suppliers are partnering with Apple on the investment The move comes as Apple plans to export "Made In India" products globally "Made in India" iPhones are on the horizon. Apple is working with Foxconn and suppliers to invest another $1 billion in India, according to the Times of India. An unnamed official spoke with the Times about how the investment will be used by Apple and its partners, saying that "testing is under way" for the products being made at the factories: "Apple will be investing $1 billion in India through its partners. They have said the production will be used for meeting the demand of its products across global markets." The move comes as Apple is planning on exporting its "Made In India" iPhones and other products globally. The company had already begun limited local production of certain models at a different partner factory in Bangalore, but Fox...

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