Dixon Technologies (India) shares jumped more than 2% following news that Apple is working to build an ecosystem of Indian suppliers.
As per the Moneycontrol report, The US tech giant has engaged over 40 Indian companies, including major electronics manufacturing service (EMS) providers like Dixon Technologies, to source components for its iconic products such as iPhones, MacBooks, iPads, and AirPods.
Apple’s strategic move comes as it shifts its reliance from China, capitalizing on India’s growing manufacturing capabilities and favorable business environment. Dixon Technologies, known for its expertise in electronic manufacturing, is set to benefit from this collaboration, with analysts predicting a boost in both revenue and stock performance.
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