A perfect example of this is Apple's quiet transition away from China and into the country that is emerging as the next labor superpower: India. According to Inc42, "Apple is looking to move nearly a fifth of its iPhone and other electronics production capacity from China to India to get benefits under the Indian government’s production-linked incentives (PLI) scheme", which was launched to incentivize local handset manufacturing and exports.
According to the report, With this move, Apple is planning to produce iPhones worth $40BN through its contractors Foxconn and Wistron, and essentially diversifying its production out of China, and set India as a base for manufacturing and export. The move is in line with Apple’s plans to reduce its reliance on China as a manufacturing hub as it looks to dodge the negative impact of the US trade tariffs as well as the current coronavirus pandemic, which had forced all production in China to come to a halt.
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