India is drafting a new round of smartphone manufacturing incentives that would link government subsidies to exports and deeper use of locally made components, in a move that will benefit Apple Inc.,

Apple Inc is rapidly expanding its footprint in India, boosting iPhone production, exploring local chip partnerships, and preparing to launch Apple Pay in one of the world's fastest-growing technology markets.

Ahead of its opening on Thursday, February 26, 2026, Apple has previewed Apple Borivali, Mumbai's second Apple Store.

Apple Pay is already far and away the leading mobile payment system outside China (where Alipay and WeChat Pay rule the roost), which means there’s a very good chance it will seize a decent slice of digital payments in India once it launches.