Apple Smashes iPhone Production Target in India

  • Apple celebrates a major milestone in India, achieving iPhone production exceeding Rs 1 trillion in FY24 (Financial Year 2023-24).
  • This accomplishment surpasses the Production Linked Incentive (PLI) scheme's target two years ahead of schedule.
  • The scheme incentivizes companies to manufacture electronic products in India.
  • Apple's success highlights the growing importance of India's smartphone manufacturing sector.
  • This achievement is expected to boost exports and contribute significantly to the Indian economy.

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