Government of India proposes Apple to manufacture goods worth $50b in India

Top government officials had a high-level meeting with senior executives from Apple. The government has asked, in the meeting, to develop India as a global sourcing base which would be used to export fully-built products across the world, similar to what is being done in China right now.
As a push to the Make in India program, India’s central government has proposed the Tim Cook led American giant to generate annual production output worth $50 billion in India over the next 5-6 years. The government has also asked Apple to expand its locally made product kitty beyond iPhones to include Macbooks, iPods, air pods and Apple watch.
Apple’s manufacturing partners have currently applied for and won the PLI contracts extended for smartphone manufacturin g, but not in any other category. It is expected that with a more comprehensive incentive policy for notebooks and a sche me for hearables and wearables, the company may look at making new products (beyond iPhones) inside India.