Apple in talks to Forge a new Bharat bond: iPhone giant looks to get Kalyani Group co on board for making its components

Apple is in talks with Bharat Forge to make it a supplier, potentially manufacturing components like mechanics. This follows partnerships with Indian firms like Tata Group and Motherson. As Apple shifts production outside China, Indian suppliers like Foxconn and Tata are increasing local value addition. In 2024, Apple produced $17.5 billion worth of iPhones in India, exporting $12.8 billion.