Apple to scale up production in India to over Rs 3.3 lakh crore in 5 years

iPhone maker Apple has plans to scale up production in India by over five-fold to around $40 billion (about Rs 3.32 lakh crore) in the next 4-5 years, according to government sources.

According to the official, who did not wish to be named, the company crossed the $7-billion production mark in the last financial year.

“Apple has plans to increase production in India to over $40 billion in the next 4-5 years. It has crossed $7 billion in the last fiscal,” the official said.

An email query sent to Apple did not elicit any reply.