 "apple")
The next 12 months could be make or break for both Apple Inc in India and the government’s ambitious flagship Productivity-Linked Incentive (PLI) scheme to encourage multinationals to manufacture locally. India is to be Apple’s second significant global hub. If the iconic brand, as analysts expect, shifts around 10 per cent of its mobile device manufacture from China to India, it could become the poster boy for India’s bid to emerge as a global export powerhouse.
Apple’s three principal original equipment manufacturers, who are eligible for the PLI scheme, have started shifting more production to India. Hon Hai, a unit
