India is loosening legislation and enabling Apple and others to increase domestic production

India is making major strides towards incentivizing and expanding local production of major manufacturers like Apple and Samsung. The empowered committee of secretaries - the governing body for the country's Production Linked Incentive Scheme (PLI) program met on Friday and decided to remove and alter a few important clauses. This has been done as a deliberate effort to attract more US investment, mainly by making India more attractive as a partner in the so-called "China plus one strategy". Simply put, the changing and constantly-developing economic climate in China has been...