Bloomberg News reported on Tuesday that tech giant, Alphabet’s Google (NASDAQ: GOOGL) is in early conversations with suppliers in India to move some of its Pixel smartphone production to India. According to the report, Google has spoken to suppliers including Lava International, Dixon Technologies India, and Foxconn Technology Group’s Indian unit Bharat FIH.
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Tech giants are increasingly eyeing India as a manufacturing hub, shifting their production away from China. GOOGL’s move follows after Apple (AAPL) supplier Foxconn started manufacturing iPhones in India earlier this month.
Analysts are bullish about GOOGL stock with a Strong Buy consensus rating based on 28 Buys and three Holds.
