Apple plans to export iPhones worth $40 bn from India in 5 years: Reports

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Apple is reportedly looking to shift a fifth of its production from China to India and produce iPhones worth $40 billion over next five years. According to experts, Apple could become India’s largest exporter with this move. The decision is in line with Production Linked Incentive (PLI) Scheme in which India aims to export phones worth $100 billion by 2025.

Source By Inshorts.com

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