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India Plans Subsidies to Boost Apple's Production Efforts

India is set to implement a series of subsidies and tariff reductions designed to lower production costs for Apple and other smartphone manufacturers...

The measures are intended to bolster the production of critical components like batteries, camera modules, and microprocessors, which are currently largely imported from countries such as China. Prime Minister Narendra Modi's government previously rolled out several initiatives, including the Production-Linked Incentive (PLI) scheme, which drew major companies like Apple and Samsung to set up or expand their production facilities in India. In October, The Information's Wayne Ma reported that Apple had abruptly reduced production of the Vision Pro headset ahead of potential plans to stop making the current version of the device completely by the end of 2024.

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