Apple to move production from China to India
Apple considering moving factories to India
Apple’s largest subcontractor Foxconn, is plotting to move some production to India. Claiming that Chinese wages became too expensive
An IT comeback for India
The potential investmen of Foxconn company signals a revival of the Indian tech industry, after Nokia’s production stopped and financial crisis begun. India,through the leadership of the prime minister Narendra Modi’s , sought to reclaim shares from China and Taiwan. At the same time marks a comeback for the emerging middle class in India which acquired half a million iPhones in the last quarter of 2014. The factory plans seen simultaneously as an attempt to keep production costs low, after several years of rising wages in China.