Apple to scale up production over 5 times in India to USD 40 bn in 5 years

iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 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 has crossed the USD 7 billion production mark in the last financial year.

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

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