30% of Apple’s manufacturing could move to India in the next 2-3 years

  • The enthusiasm for Prime Minister Narendra Modi’s gambit to spur production is striking after years of false starts to find India space on the world’s factory floor.
  • The Swiss bank expects India’s share of Apple’s global supply chain will grow from almost zero to as much as 30% within two to three years, starting with the iPhone.
  • Given India is a tiny end market for Apple, their applications suggest India can move beyond assembly of low value models to making higher-value products.
  • Such cells will power vehicles like those churned out of Ola’s new Future Factory.
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