Apple’s recent decision to shift manufacturing of its flagship smartphone product, the iPhone, to India has sparked a fresh wave of speculation on India emerging as the world’s factory. While analysts like JP Morgan estimate that India could garner a share of between 5 per cent and 25 per cent of iPhone manufacturing, certain close observers of hi-tech manufacturing in China estimate a 150 per cent growth year-on-year on Apple’s manufacturing in India, by Apple’s lead contract manufacturer Foxconn. The smartphone manufacturing boom in India goes well beyond the iPhone, with Samsung and other players expanding their India production capacity.
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