 "Apple iPhone, Apple Inc")
If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now.
Apple’s strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China. The American technology giant has reportedly instructed three of its biggest vendors, Foxconn, Pegatron, and Wistron, to increase production capacity in India. A report by JP Morgan said recently that Apple, to
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