Why Apple's supplier shifted $330mn investment from India to Vietnam
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Apple's key Chinese supplier, Luxshare, has reportedly opted to invest in Vietnam over India due to ongoing political tensions between China and India. According to Business Standard (BS), after three years of unsuccessful attempts to expand in India, Luxshare now intends to redirect its $330 million (nearly Rs. 2,750 crore) investment to Vietnam's north province Bac Giang. Vietnam's government recently approved the license for Apple's supplier, bringing the total investment in the country to $504 million (nearly Rs. 4,200 crore).