Apple looking to scale up production in India, says minister Piyush Goyal
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Apple (NASDAQ:AAPL) is looking to scale up its production in India, according to trade minister Piyush Goyal.
Speaking at a conference on Monday, Goyal said that the technology firm is "targeting to go up to 25% of their manufacturing" from about 5%-7% currently. It is, however, unclear when Apple (AAPL) wants to meet the target.

The Cupertino, California-based company has placed big bet on India as it continues to move its manufacturing away from COVID-hit China. The iPhone maker began iPhone assembly in the country in 2017 through Wistron and later with Foxconn.
Apple (AAPL) is scheduled to report its first quarter results on Feb. 02, 2022. Analysts project the company to generate $1.96 EPS on revenue of $122.36B.