Apple to Shift 20% of Its Production to India

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The CCP virus has prompted the manufacturing industry to consider diversifying its supply chains. According to reports from the Indian newspaper The Economic Times, Apple is planning to shift nearly a fifth of its production from China to India. Experts say the scale of investment, around $40 billion over the next five years, could also make India the largest exporter of Apple products, the report said.

Apple’s CEO Tim Cook said in an interview: “We are really doing that, so as a part of this trip, the maps facility will be several hundred million dollars. And so all of these things add up to a significant amount of economic activity.”