Apple wants a quarter of its products manufactured in India, claims minister
in a stock exchange filing that it would invest $500 million to expand its manufacturing presence in India, inclusive of semiconductors, as a"long term investment."
resulting from from China's zero COVID policies, plus sanctions that make it hard to import some tech products, have also given manufacturers good reason to diversify their suppliers.Prior to Goyal's speech, minister for railways, IT and communications Ashwini Vaishnaw spoke on India's approach to preventing monopolies through public-private partnerships.
Vaishnam said that approach led the government to use public funds to build sector-specific platforms through public-private partnerships – examples include a payment platform and a vaccination-related platform. At that point, Vaishnaw said the government"let everybody else join those platforms and build solutions."the system, which was leveraged by a public-private partnership, has now been tested for ten million simultaneous calls.
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