Apple aims to meet the target within the next two to three years, with additional tens of millions of units planned to be manufactured in the following years
This comes at a time when the tech giant is scouting for Indian, Japanese and South Korean suppliers which can provide critical components to its contract manufacturers in India
In January, nearly 17 Chinese companies that supply components for Apple devices, applied for clearances to set up manufacturing facilities in India, which have been put on hold by the government
Global smartphone major Apple is reportedly planning to manufacture more than 50 Mn iPhones in India annually, as it looks to double down on production in the country as part of its efforts to reduce reliance on China.
Apple aims to meet the target within the next two to three years, with additional tens of millions of units planned to be produced in the following years, the Wall Street Journal reported.