US Companies in India — 2026-09-01
Apple is solidifying its status as a cornerstone of US-India economic ties, with new reports suggesting a massive shift of iPhone production to India over the next five years. Simultaneously, the defense sector saw a landmark development as India and the US finalized the Javelin missile procurement deal, with plans for local co-production announced just days later. Meanwhile, US investment in Indian securities hit a record $390 billion, underscoring deepening financial integration.
US Companies in India — 2026-09-01
Top developments
Apple
Recent reports indicate that Apple may shift 30–35% of its global iPhone production to India over the next five years. This strategic move is part of a broader effort to diversify supply chains away from China, with India increasingly viewed as a pillar of Apple’s long-term growth beyond just retail sales. The shift is expected to accelerate under the leadership of John Ternus, who is taking charge of the company’s operations.
Raytheon & Lockheed Martin (Javelin JV) / Tata Advanced Systems
India has signed a Letter of Offer and Acceptance (LOA) with the United States to acquire the FGM-148 Javelin anti-tank guided missile system through the Foreign Military Sales process. The initial deal is valued at approximately $45.7 million. Just three days after the signing, the two nations announced a plan for co-production of the missiles in India, marking a significant shift from simple procurement to industrial partnership.
US Investment in Indian Securities
Data released on September 1, 2026, highlights that US investment in Indian securities rose to $390 billion in 2025. This represents a threefold increase over the last decade, signaling strong investor confidence in India’s market fundamentals and the growing financial linkages between the two economies.
Deals, expansion & investment
Tata Advanced Systems & Javelin JV: Following the procurement agreement, Tata Advanced Systems will collaborate with the Javelin Joint Venture (owned by Raytheon and Lockheed Martin) for the final assembly and integration of the missiles in India. This move supports India’s "Atmanirbhar Bharat" (self-reliant India) initiative while deepening defense industrial ties with US firms.
Regulation & market context
Manufacturing Incentives: Indian Finance Minister Nirmala Sitharaman emphasized developing India as a global manufacturing and innovation hub during her recent interactions with US multinational companies, including 3M. The government continues to push policies that encourage foreign direct investment in manufacturing, aiming to leverage India’s labor force and infrastructure for global supply chains.
On the radar
- Apple’s Manufacturing Expansion: Industry watchers are closely monitoring whether Apple will expand manufacturing beyond iPhones to include other devices like MacBooks or iPads, following government hints that such expansion is expected.
- Tax Break Extensions: India has proposed extending tax breaks until 2041 for foreign companies supplying machinery to contract manufacturers, a move specifically lobbied for by Apple to support its iPhone production expansion. (Note: While the proposal was earlier, the context remains active for current investment decisions).
By the numbers
- $390 Billion: Value of US investment in Indian securities in 2025, up threefold in a decade.
- $45.7 Million: Initial value of the Javelin anti-tank missile acquisition deal signed between India and the US.
- 30–35%: Projected share of global iPhone production that Apple may shift to India within the next five years.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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