Apple is making significant moves to transfer a big portion of iPhone production to India, seeking to reduce its reliance on China amid political tensions.
The U.S. technology giant is continuing to intensify its distribution and marketing efforts in India, recognizing its significance as a critical future market.
According to analysts at investment bank Morgan Stanley, India is poised to play a significant role in Apple's growth strategy over the next five years.
The iPhone maker has officially announced its first-ever flagship retail store in India called ‘Apple BKC,' which will open at the Jio World Drive Mall, Mumbai.
Foxconn is set to build a new $700 million USD plant in India to boost production in the country as Apple seeks to move more manufacturing away from China