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Rajiv Kumar, former chairman of the NITI Aayog from September 2017 to April 2022, revealed that discussions with Apple commenced in 2018 following Japan’s pledge to help Japanese companies diversify away from China. Standard Chartered Bank, a key financial institution for Apple in China, facilitated a meeting between Kumar and Apple’s team in Delhi. Apple expressed the need to bring in its Chinese vendors initially, a request that was eventually granted, paving the way for its establishment in India. Kumar emphasized the importance of India adopting a strategy similar to attract more significant investments across various sectors. He suggested targeting…
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