India iPhone Breakthrough Masks Struggle to Be Next China
- PM Modi is betting on G-20 presidency to win over investors
- Manufacturing goal stays elusive as investments chase services
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On paper, India’s chances of attracting global manufacturers look rosy.
Apple Inc. began assembling its latest iPhone models in the South Asian nation in a significant break from its practice of reserving much of that for giant Chinese factories run by its main Taiwanese assemblers, a key win for Prime Minister Narendra Modi’s “Make in India” campaign.