Apple to Build 2 India Mega Factories, 100,000 Jobs: CEA Nageswaran

• Apple plans to build two mega factories near Bangalore and Chennai, creating 100,000 jobs.
• This expansion aims to diversify Apple's production from China and aligns with India's PLI scheme.
• India's Chief Economic Adviser V Anantha Nageswaran announced the plans, noting increasing local component production and value addition.
• iPhone exports from India surged 53% in H1 2025, with the US as the primary destination (78% of exports).
• Tata Group and Foxconn are key partners, with Tata potentially producing nearly half of India's iPhone output within two years.

Why It Matters: Apple's India expansion creates 100,000 jobs, boosting local economy and manufacturing.