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India sees surging electronics exports thanks to iPhone manufacturers

India sees surging electronics exports thanks to iPhone manufacturers
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Apple Plans Ambitious iPhone Production Ramp Up In India, Targets $12B Value By 2023-24

This story was first published on the Benzinga India portal. Apple Inc. (NASDAQ: AAPL) is ready to boost its iPhone production in India, with an expected reach of $12 billion in Freight On Board (FOB) value by 2023-24, according to a report by local publication Business Standard. This initiative not only overshadows the initial plan of shifting nearly 9% of its total production to India by fiscal year 2024 but also denotes a significant rise in Apple's involvement in the Production-Linked Incent

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