Specifically: Local production saves Apple 22% import duty.
That's a huge savings! If "Made in India" is anything like "Made in China" then it just involves bringing parts from other countries for final assembly, not even necessarily the highest value-add part of manufacturing.
That's a huge savings! If "Made in India" is anything like "Made in China" then it just involves bringing parts from other countries for final assembly, not even necessarily the highest value-add part of manufacturing.