Apple executives have targeted both India and China as developing regions to drive revenue growth in the coming years, primarily through iPhone sales. However, India has stringent regulations on foreign device sales and requires that 30% of the components in the devices must be sourced domestically. Apple currently cannot meet this requirement as the vast majority of parts and all assembly happens in China. As such, Apple is looking to setup a new manufacturing plant in India that will make iPhones and iPads, thereby complying with the law and enabling iPhone to join the Indian smartphone market en masse.
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