This story was first published on the Benzinga India portal. Apple Inc. (NASDAQ: AAPL) is ready to boost its iPhone production in India, with an expected reach of $12 billion in Freight On Board (FOB) value by 2023-24, according to a report by local publication Business Standard. This initiative not only overshadows the initial plan of shifting nearly 9% of its total production to India by fiscal year 2024 but also denotes a significant rise in Apple’s involvement in the Production-Linked Incentive (PLI) scheme. In the first three quarters of the fiscal year 2024, Apple, in collaboration with …