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IPhone Makers Said Among Winners in India's Stimulus Plan

Sep.22 -- Apple Inc.’s major iPhone assemblers are among the companies expected to win approval to participate in a $6.6 billion stimulus program to bring manufacturing to India, according to people familiar with the matter. Pankaj Mohindroo, chairman of India Cellular and Electronics Association, a trade group that represents leading phonemakers including Apple and Xiaomi Corp., explains what this would mean for local manufacturers. He speaks on "Bloomberg Markets: Asia."