Sources say Apple and Indian Finance Ministry officials are negotiating to expand manufacturing capacity in India.

CTOnews.com, August 25, according to local media Business Today, Apple executives in India have met with the local Ministry of Finance to discuss issues related to expanding iPhone production capacity in India.

The source said that the discussion covers a wide range of areas, and the Indian government hopes to take the lead of Apple to further promote the local smartphone manufacturing industry and negotiate relevant support policies.

In the exchange, Apple also said that India is a very important place of production and consumer market, is willing to expand production capacity in the Indian market, but hopes to get more subsidies and policy benefits.

CTOnews.com previously reported that India surpassed France and Germany in revenue performance for the first time in the second quarter of 2023 to become Apple's fifth-largest iPhone market, according to statistics released by market research firm Counterpoint Research.

While Apple's iPhone retail industry is growing rapidly in the Indian market, Apple has also accelerated the pace of iPhone manufacturing in India. Apple has increased its investment in the Indian market, hoping to diversify its supply chain.