Oct 6, 2022
Apple iPhone: Can India be China’s ‘plus one’ to the world?
Last week, Apple announced plans to make its latest phone model - iPhone 14 - in India, a significant milestone in the company's strategy to diversify manufacturing outside of China. Anil Agarwal, Chairman of Vedanta Resources, said last month that the world was looking to adopt a "China plus one" strategy and that "India is clearly in a sweet spot". Mr Modi's administration has also been giving a major push to bilateral trade pacts in a bid to integrate India more deeply into global supply chains and rejig its image as a notoriously slow negotiating partner. "Apple is certainly a success story so far but making India a manufacturing hub will require not just big-ticket headline grabbing investments but also a supportive ecosystem for SMEs ," says Mihir Sharma, Director at the Observer Research Foundation. Thailand, Vietnam and South Korea - all stand significantly above India in the World Bank's Ease of Doing Business rankings.
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