Original title: in order to promote the iPhone 'made in India', Apple plans to invest $1 billion in India
Recently, according to foreign media reports, Apple plans to invest $1 billion in India through 'partners' to promote the production capacity of its hardware products in India.
It is reported that the 'partner' is the well-known Foxconn. Its factory in Chennai mainly provides OEM services for Apple products.
Previously, the products produced by the factory mainly met the needs of the local market in India. But from July this year, Apple hopes that the products produced by the factory can be exported to the world.
In Apple's view, such an approach is based on India's labor advantages. Second, it can avoid 20% import tax and be eligible for export incentives.