iPhone assemblers gain approval for $143 billion India manufacturing plan

Major iPhone assemblers for Apple Inc. were among 16 companies that won approval to manufacture products in India under a plan aimed at attracting investment of more than 10.5 trillion rupees ($143 billion) over the next five years for smartphone production.
The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse
Ragini Saxena and Swansy Afonso for Bloomberg News: