1 year, 11 months ago
Apple gets boost in India as China suppliers get nod
Live MintMore than a dozen of Apple Inc.’s Chinese suppliers are receiving initial clearance by India to expand in the country, helping the tech giant’s efforts to diversify its assembly network beyond China. The clearances from key Indian ministries are a step toward full approval for expansion in India, and the companies will still likely to be required to find local Indian joint venture partners, the people said. India largely cut off Chinese companies from its tech economy after the countries’ troops clashed violently on their long-disputed border in 2020, leading to at least 20 deaths on the Indian side. While India is now approving several Chinese suppliers’ expansion in the country, some are still getting rejected, the people said.
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