Friday, 24 March, 2023

Big move for ‘Make in India’; Apple starts making iPhone 11 in India

<p>In response to GoI&rsquo;s production-linked incentive (PLI), Apple has started making its flagship iPhone 11 in India in Foxconn, Chennai. The production is planned to be in phases with the firm looking to export India-made iPhones, reducing dependency on China. This move will save 22% import duty for Apple which may lead to price cut. However, there&rsquo;s no firm news on that. Also, the Sino-US angle may be another reason for Apple distancing itself from China.&nbsp;</p>