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India aims to surpass China in manufacturing prowess
India wants to become the top manufacturing alternative to China, and some analysts think it is poised to do so. As companies shift away from Beijing, India could rise to prominence - but it first needs to lower taxes and improve its own supply chain to dethrone Vietnam - which offers low labour costs and the ability to manufacture electronics. Sectors that require intensive manual labor and have low profit margins such as apparel manufacturing shine in Vietnam. But US tech giants are increasingly bringing part of their supply chains to the South Asian country. Apple told component suppliers it will source batteries from Indian factories for its upcoming iPhone 16. The company has weighed expanding operations in India since 2016, when CEO Tim Cook visited Indian Prime Minister Narendra Modi. Google is also set to begin Pixel phone production in India by the second quarter.
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