Apple to Scale Up India Production Fivefold to $40 Billion

Apple Inc. iPhone 15 Pro smartphones on display at an Apple store in Mumbai, Sept. 22. — Apple Inc. iPhone 15 Pro smartphones on display at an Apple store in Mumbai, Sept. 22.
Photographer: Dhiraj Singh/Bloomberg

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By Saritha Rai

September 24, 2023 at 12:29 PM UTC

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Apple Inc. plans to increase production in India more than fivefold within the next five years, PTI reported, citing government officials it didn’t identify.