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#MakeinIndia: Apple plans to shift 20% of production capacity from China to India, eying $40 billion export revenue

Apple is looking to scale its India revenue from $1.5Bn to $40 billion over the next five years.

“We expect Apple to produce up to $40 billion worth of smartphones, mostly for exports through its contract manufacturers Wistron and Foxconn, availing the benefits under the production-linked incentive (PLI) scheme,” [told by a govt official to ET]